The Layer-1 blockchain Aptos is expanding its stablecoin presence through a new partnership with the Trump family's World Liberty Financial (WLFI) to deploy the USD1 stablecoin.
Aptos CEO Avery Ching confirmed the collaboration, stating that WLFI views Aptos as a top technical partner. The immediate goal is to launch USD1 on the Aptos Network on October 6, with plans for retail and banking products in the future, where yield would benefit the users.
Ching highlighted that WLFI chose Aptos due to its high-performance and low-cost infrastructure. Aptos is described as "incredibly cheap," costing "less than a hundredth of a cent" per transaction, and "way faster than any blockchain out there" with transactions under half a second.
The USD1 stablecoin will have immediate support across the Aptos ecosystem, including DeFi protocols (Echelon, Hyperion, Thala, Tapp) and major wallets and exchanges (Petra, Backpack, OKX, Bitget Wallet, and others).
Aptos aims to challenge industry leaders like Ethereum and Tron in the stablecoin market. Tether (USDT) is already live on Aptos, experiencing "tremendous growth," though its current $1.3 billion market cap is dwarfed by the $78.6 billion on Tron and the $94.8 billion on Ethereum.
USD1 currently has a market capitalization of $2.68 billion, mostly residing on the BNB Chain. Despite Aptos's small stablecoin market share (around 0.35%), the network already hosts major stablecoins like USDT, USDC, USDE, and PYUSD, and handles more than $60 billion in monthly volume.
Avery Ching also unveiled two major projects:
The CEO, a former head of Meta's "Diem" crypto project, leads Aptos, which is backed by major venture capital firms including Andreessen Horowitz and Circle Ventures.
October 2025, Cryptoniteuae