Key Points
- Aptos to launch USD1 stablecoin on Oct. 6 with broad DeFi, wallet, and exchange support.
- Avery Ching says Aptos offers ultra-low fees and fast speeds, ideal for large-scale stablecoin use.
- Aptos (APT) trades at $4.41 with $332M futures volume and strong bullish long/short ratios.
Layer-1 blockchain Aptos has confirmed a new partnership with World Liberty Financial to bring the USD1 stablecoin to its network. This marks USD1’s first Move-based integration and signals a push to expand beyond BNB Chain, where most of its $2.68 billion market cap currently resides.
The launch was announced live by Donald Trump Jr. and Zach Witkoff, with full deployment scheduled for October 6. The stablecoin will receive immediate ecosystem support across DeFi protocols, wallets, and exchanges operating on Aptos.
Aptos CEO Avery Ching revealed that the partnership follows ongoing discussions with the Trump-linked project. He added that World Liberty Finance is building for retail, banking, and broader financial sectors, starting with a community-focused stablecoin.
The rollout includes incentives and liquidity pools across leading Aptos-based platforms such as Thala, Hyperion, Echelon, and Tapp. Additionally, wallets and exchanges like Backpack, Petra, OKX, and Gate Wallet will support USD1 from day one.
Aptos Expands Stablecoin Strategy to Compete with Ethereum and Tron
Ching said World Liberty chose Aptos due to its extremely low transaction fees and fast processing speeds. Transactions cost less than a hundredth of a cent and complete in under half a second, offering efficiency for high-volume usage.
The move is seen as a strategic step to challenge Ethereum and Tron in the stablecoin space. While Aptos currently hosts $1.3 billion in USDT, Tron holds $78.6 billion, and Ethereum leads with $94.8 billion, according to Tether.
Tether’s launch on Aptos earlier this year experienced strong traction, laying the groundwork for further stablecoin adoption. With USD1 joining the network, Aptos positions itself to capture a larger share of on-chain stablecoin activity.
Aptos (APT) trades at $4.4121, up 3.58% in 24 hours, with a $3.11 billion market cap, per Coinglass. Trading shows $332.09 million in futures volume, $64.41 million in spot volume, and open interest at $366.41 million.
Source: https://coincu.com/news/trump-linked-usd1-stablecoin-to-launch-on/