Layer-1 blockchain Aptos is making strategic moves into the stablecoin space by partnering with the Trump family’s World Liberty Financial (WLFI) to launch a USD1 stablecoin. This collaboration signals Aptos’s ongoing efforts to expand its footprint in the competitive crypto markets, positioning itself as a formidable contender alongside industry giants like Ethereum and Tron. The launch aims to deliver more accessible and efficient stablecoin solutions, leveraging Aptos’s high performance and low transaction costs to attract both retail users and institutional participants.
- Aptos teams up with WLFI to launch USD1 stablecoin, with support across major DeFi protocols and wallets.
- The stablecoin is set to go live on October 6, with early ecosystem integrations and incentives.
- Aptos emphasizes its speed and cost efficiency, attracting stablecoin activity from competitors like Tron and Ethereum.
- Future product developments include Decibel, a decentralized exchange, and Shelby, a decentralized storage system.
- Aptos’s growing ecosystem aims to challenge established stablecoin leaders in the blockchain space.
Layer-1 blockchain Aptos has announced a collaboration with World Liberty Financial (WLFI), a project linked to the Trump family, to deploy a USD1 stablecoin. Aptos CEO Avery Ching highlighted that they have been in discussions with WLFI for some time, positioning the project as a promising technological partner. Speaking to industry observers at the TOKEN 2049 conference in Singapore, Ching revealed that WLFI is developing products targeting retail banking and other financial services, with the stablecoin’s main goal to ensure that yields benefit users directly.
The USD1 stablecoin will launch on the Aptos Network on October 6, supported by extensive ecosystem integration. Liquidity pools and incentives will be available through leading Aptos DeFi protocols like Echelon, Hyperion, Thala, and Tapp. Additionally, major wallets and exchanges, including Petra, Backpack, OKX, OneKey, Bitget Wallet, Nightly, and Gate Wallet, will facilitate the stablecoin’s deployment, promising rapid adoption.
Ching noted that WLFI chose Aptos due to its high transaction speed and affordability. The network’s transaction fees are less than a hundredth of a cent, with confirmation times under half a second, making it highly attractive for stablecoin transactions and DeFi applications.
Angling for Tron’s Market Share
Aptos aims to compete with established players such as Ethereum and Tron for stablecoin deployment and ecosystem dominance. Tether (USDT) was introduced to Aptos earlier this year and has seen rapid growth, with approximately $1.3 billion currently in circulation within the network. In comparison, Tron holds around $78.6 billion in USDT, and Ethereum dominates with $94.8 billion, according to Tether’s transparency reports.
The USD1 token’s market capitalization is about $2.68 billion, primarily on the BNB Chain, as per DefiLlama data. Despite its smaller scale, Aptos is quickly gaining traction within the blockchain community, transacting over $60 billion in monthly volume with existing stablecoins like USDC and USDE. While Ethereum maintains a significant 59% share of the overall stablecoin market (rising to nearly 70% when layer-2 and EVM-compatible networks are included), Aptos continues to expand its influence.
Future Product Roadmap
Aptos also announced the upcoming launch of Decibel, a decentralized exchange (DEX) optimized for stablecoins, including perpetual and spot trading features. A testnet is expected in October, with a mainnet rollout scheduled before year-end. Additionally, in partnership with Jump Crypto, the project revealed Shelby, a decentralized storage system designed for real-time social media apps and training data, slated for 2026 deployment.
Aptos was founded by Avery Ching, formerly the head of Meta’s “Diem” project, and has garnered backing from notable venture capital firms such as FTX Ventures, Andreessen Horowitz, Apollo, Franklin Templeton, and Circle Ventures. This strong investor support underscores the network’s ambition to challenge traditional stablecoin markets and deepen its role in the rapidly evolving blockchain ecosystem.