Aptos USD1 Stablecoin Partnership With Trump Family WLFI

Background: Aptos Joins Forces With World Liberty Financial

Layer-1 blockchain Aptos has announced a new partnership with World Liberty Financial (WLFI), a financial venture linked to the Trump family, to launch the USD1 stablecoin. The collaboration was revealed by Aptos CEO Avery Ching during the TOKEN 2049 conference in Singapore. According to Ching, Aptos has been in discussions with the Trump-affiliated DeFi project for some time, with WLFI selecting Aptos as a technology partner due to its scalability and transaction speed. This partnership aims to integrate USD1, a stablecoin, across multiple sectors, including retail and banking.

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Stablecoin Launch and Ecosystem Support

The USD1 stablecoin is scheduled to launch on the Aptos Network on October 6. The rollout will include immediate ecosystem integration, supporting liquidity pools and incentives on several Aptos DeFi protocols, such as Echelon, Hyperion, Thala, and Tapp. Additionally, wallets and exchanges including Petra, Backpack, OKX, OneKey, Bitget Wallet, Nightly, and Gate Wallet will offer direct support for USD1 from day one.

Aptos leadership highlighted the network’s competitiveness for stablecoin deployment, citing transaction speeds of less than half a second and costs of “less than a hundredth of a cent.” Avery Ching commented, “They view us as some of the best tech partners they could work with” (Cointelegraph).

Market Reaction and Competitive Landscape

Aptos continues to position itself against established blockchains like Ethereum and Tron in the decentralized finance space. Tether (USDT) launched on Aptos earlier in 2024, reporting significant growth in adoption. As of now, Aptos hosts $1.3 billion in USDT, while Tron accommodates $78.6 billion and Ethereum $94.8 billion, according to Tether data. Despite Aptos holding just 0.35% of the stablecoin market, it has increased its monthly transaction volume to over $60 billion. The USD1 stablecoin commands a market capitalization of $2.68 billion, most of which circulates on the BNB Chain, according to DefiLlama.

With this new partnership and forthcoming USD1 integration, Aptos is targeting rapid expansion in the global stablecoin market, which remains dominated by Ethereum at 59% (increasing to 69% with layer-2 solutions and EVM compatible networks).

Future Developments and Expansion Plans

During TOKEN 2049, Avery Ching announced several upcoming Aptos innovations. Among them is “Decibel,” a decentralized exchange designed to optimize trading for stablecoins and perpetual contracts; its testnet is set for October, with a mainnet launch anticipated by year-end. Another project, “Shelby,” will serve as a hot decentralized storage system tailored for real-time social media and AI training data, developed in partnership with Jump Crypto and expected to go live in 2026.

Ching, previously the head of Meta’s Diem project, has led Aptos in securing backing from major venture capital firms including FTX Ventures, Andreessen Horowitz, Apollo, Franklin Templeton, and Circle Ventures.

For more on cryptocurrency news and stablecoin developments, visit Vizi Crypto News.

What’s Next for Aptos and USD1?

The launch of USD1 on Aptos is intended as an initial step toward broader product offerings, with WLFI’s future developments focusing on expanding to retail and banking applications. The company has stated its mission is to create financial products where “the yield goes back to the people,” according to Avery Ching. With strong support from wallets, exchanges, and DeFi protocols, Aptos looks set to compete for a larger share of the stablecoin market in the coming months.