TLDR
- Aptos to launch USD1 stablecoin in collaboration with Trump’s WLFI on October 6.
- USD1 stablecoin to leverage Aptos’ fast and low-cost blockchain technology.
- USD1 stablecoin will be supported by major Aptos DeFi protocols and exchanges.
- Aptos aims to increase its stablecoin market share with the USD1 launch.
Aptos, the layer-1 blockchain, has teamed up with World Liberty Financial (WLFI), a project linked to the Trump family, to launch the USD1 stablecoin on its network. The collaboration aims to leverage Aptos’ technology to boost stablecoin adoption and challenge leading platforms like Tron. The USD1 stablecoin, set to launch on October 6, marks a strategic step for both Aptos and WLFI as they target growth in the stablecoin market.
Partnership Announcement and Network Integration
Aptos has officially partnered with World Liberty Financial (WLFI), a financial project connected to the Trump family, to integrate the USD1 stablecoin. According to Aptos CEO Avery Ching, the collaboration has been in the works for some time, with both sides recognizing Aptos as a top technology partner.
This partnership aims to create a stablecoin that offers high yields, benefiting retail users and driving further adoption of blockchain technology.
The USD1 stablecoin is expected to go live on the Aptos network on October 6. This launch will include broad support across the Aptos ecosystem. Leading decentralized finance (DeFi) protocols, such as Echelon, Hyperion, Thala, and Tapp, will feature liquidity pools and incentives to support the new stablecoin. Several wallets and exchanges, including Petra, Backpack, OKX, and Bitget Wallet, have confirmed their participation.
Why WLFI Chose Aptos
World Liberty Financial selected Aptos as its blockchain partner due to its technical advantages. Ching emphasized that the Aptos network is known for its low transaction costs, with fees costing “less than a hundredth of a cent.” Additionally, the network’s speed, processing transactions in less than half a second, makes it one of the fastest available blockchains.
Aptos’ robust performance was a key factor in WLFI’s decision to collaborate. Ching mentioned that the network’s efficiency allows for a more user-friendly experience. Given the growing demand for stablecoins, the ability to operate at a low cost and high speed gives Aptos a competitive edge over other blockchain platforms.
USD1 Stablecoin’s Market Ambitions
The USD1 stablecoin is positioned as a direct competitor to major stablecoins, particularly Tether (USDT), which is widely used across the cryptocurrency ecosystem. As of now, USDT has significant market dominance, with over $78 billion of it circulating on Tron, compared to just $1.3 billion on Aptos. Despite this, Ching is optimistic about the future growth of stablecoins on the Aptos network, noting that the launch of USD1 could expand Aptos’ share in the stablecoin market.
The USD1 stablecoin currently holds a market cap of $2.68 billion, most of which is on the BNB Chain. The introduction of USD1 on Aptos is expected to boost its stablecoin offerings and attract more liquidity to the network. As of now, Aptos accounts for about 0.35% of the global stablecoin market, a small share when compared to Ethereum’s 59% share. However, Ching believes that Aptos’ recent growth in stablecoin deployment shows strong potential for future expansion.
Future Plans for Aptos Network
In addition to the USD1 stablecoin, Aptos has other projects in the works that could further bolster its ecosystem. Ching revealed plans for Decibel, a decentralized exchange (DEX) designed to optimize stablecoins, perpetual contracts, and spot trading. The testnet for Decibel is expected in October, with the mainnet launch planned before the end of the year.
Another upcoming project, Shelby, aims to provide decentralized storage for real-time social media applications and data training. This project, developed in partnership with Jump Crypto, is expected to launch in 2026. These projects further demonstrate Aptos’ commitment to expanding its offerings and competing in the rapidly evolving blockchain and DeFi markets.
Aptos’ collaboration with WLFI marks a notable step in its efforts to increase its presence in the stablecoin market. By introducing USD1, Aptos aims to attract new users and compete with Ethereum and Tron for a larger share of the growing stablecoin sector.
