Layer-1 Blockchain Aptos has announced a collaboration with the Trump family’s World Liberty Financial to deploy USD1 Stablecoins.
Aptos CEO Avery Ching said they have been in conversation with the Trump-linked Defi project for a while, saying, “They see us as some of the best tech partners they can work with.”
Speaking to Cointelegraph at this week’s Token 2049 conference in Singapore, Ching said WLFI is working on future retail, banking and other products. The first step is to get a stub coin that yields return to people, he added.
USD1 was released on the APTOS network on October 6th and offers instant and wide range of ecosystem support. Liquidity pools and incentives will be live across major Aptos Defi protocols such as Echelon, Hyperion, Thala and TAPP, and will also support the launch of wallets and exchanges such as Petra, Backpack, Okx, Onekey, Bitget Wallet, Nightly, and Gate Wallet.
Chin said he chose Aptos because the transaction is under 0.5 seconds because the world’s liberty finance is “incredibly cheap” and is “less than a hundredth” to trade with “less than a hundredth” and “a lot faster than a blockchain.”
Tron’s Market Share Fishing
The Sport-of-Stake Layer-1 blockchain is intended to compete with Ethereum and Tron for the deployment of Stablecoin.
Tether (USDT) was launched at Aptos at the beginning of the year and has experienced “incredible growth” in a short period of time.
According to Tether, Aptos currently has a majority of $1.3 billion, Tron $78.6 billion and Ethereum $94.8 billion.
According to Defillama, USD1’s market capitalization is currently at $2.68 billion, with most of this being found in the BNB chain.
APTOS market share will increase
According to RWA.xyz, Aptos has a long way to go to catch up with industry leaders, with a steady market share of just 0.35%. But it already runs Tether (USDT), USDC (USDC), Ethena USD (USDE) and PayPal USD (PYUSD) and trades more than $60 billion a month, Avery said.
Related: Aptos is seeing a surge in tokenization as assets managers become Onchain
Ethereum holds Lion’s share with a stable coin market share of 59%, increasing to 69% if it includes Layer-2 and EVM compatible networks.
New pipeline products
CEO Aptos has announced “decibels,” a high-performance, decentralized exchange optimized for stable contracts, permanent contracts, and spot trading. The testnet is scheduled for October, and the main net will be released by the end of the year.
A “Hot Distributed Storage” system called “Shelby” has also been announced. It is designed in collaboration with Jump Crypto, a real-time social media app and training data, and is expected to be released in 2026.
Avery Ching was the former head of Meta’s “Diem” Crypto project before moving to Aptos, backed by venture capital Giants such as FTX Ventures, Andreessen Horowitz, Apollo, Franklin Templeton and Circle Ventures.
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