Layer-1 blockchain Aptos has revealed a new partnership with the Trump family-backed World Liberty Financial (WLFI), aimed at launching the USD1 stablecoin on its network.
Aptos co-founder and CEO Avery Ching explained that discussions with WLFI have been ongoing for some time, noting that the DeFi venture views Aptos as “one of the strongest technology partners available.” According to Ching, WLFI is developing a range of products for retail users and financial services, with the stablecoin initiative being the first major step. “The goal is to create a stablecoin where returns flow back to the people,” he said.
The USD1 token is set to go live on October 6, immediately supported across the Aptos ecosystem. Liquidity pools, incentives, and integrations will be available on major DeFi protocols including Echelon, Hyperion, Thala, and Tapp. Wallets and exchanges such as Petra, Backpack, OKX, OneKey, Bitget Wallet, Nightly, and Gate Wallet will also back the launch.
Ching emphasized that WLFI chose Aptos because of its speed and affordability, with transaction costs under a hundredth of a cent and finality times of less than half a second.
Competing with Tron and Ethereum
Aptos is positioning itself as a challenger to Ethereum and Tron in the stablecoin space. Tether (USDT) launched on Aptos earlier this year and, according to Ching, has seen “remarkable adoption.” Currently, Aptos hosts around $1.3 billion in USDT, compared to Tron’s $78.6 billion and Ethereum’s $94.8 billion.
As for USD1, its total market capitalization is around $2.68 billion, with most of it still based on BNB Chain, data from DefiLlama shows.
Aptos expanding stablecoin footprint
Despite only holding about 0.35% of the stablecoin market, Aptos is gradually expanding. The network already supports several major stablecoins, including USDT, USDC, Ethena USD (USDE), and PayPal USD (PYUSD). According to Ching, Aptos processes more than $60 billion in monthly stablecoin transactions.
Ethereum remains the dominant force, commanding 59% of the stablecoin market share, which climbs to 69% when accounting for layer-2 and EVM-compatible chains.
Upcoming projects
Looking ahead, Aptos is preparing to launch new products designed to strengthen its ecosystem. One of them is “Decibel,” a decentralized exchange tailored for stablecoins, perpetuals, and spot trading. The testnet is planned for October, with a full launch by year-end.
Another project, “Shelby,” developed in collaboration with Jump Crypto, will introduce a decentralized storage system optimized for real-time social applications and training datasets. Its release is targeted for 2026.
Ching, who previously led Meta’s Diem crypto initiative, has helped secure strong backing for Aptos from major investors including Andreessen Horowitz, FTX Ventures, Apollo, Franklin Templeton, and Circle Ventures.
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