Layer-1 blockchain Aptos announced that it is working with the Trump family’s World Liberty Financial (WLFI) to launch a stablecoin called USD1 on its network on October 6, 2025.
Aptos CEO Avery Ching talked about the plan at the TOKEN 2049 conference in Singapore. “They view us as some of the best tech partners they could work with.” Ching said.
The USD1 stablecoin will get support across the Aptos ecosystem. Liquidity pools and incentives will be available on DeFi platforms including Echelon, Hyperion, Thala, and Tapp. Popular wallets and exchanges such as Petra, Backpack, OKX, OneKey, Bitget Wallet, Nightly, and Gate Wallet will also support the launch.
Ching said that Aptos was chosen because it is “incredibly cheap,” costing “less than a hundredth of a cent” per transaction, and offers speeds under half a second. The plan is to make sure users earn yields directly from the coin.
Aptos hopes the USD1 launch will help it compete with Ethereum and Tron in stablecoin offerings. Tether’s USDT has already seen “tremendous growth” on Aptos since its launch earlier this year, according to Ching. Currently, there is $1.3 billion in USDT on Aptos, compared to $78.6 billion on Tron and $94.8 billion on Ethereum.
The USD1 market capitalization now sits at $2.68 billion, with most of this on BNB Chain, according to DefiLlama. Aptos currently has around 0.35% of the stablecoin market but already handles over $60 billion in monthly volume across USDT, USDC, Ethena USD (USDE), and PayPal USD (PYUSD).
Ching also announced two new products in the pipeline. Decibel, a high-performance decentralized exchange for stablecoins, perpetual contracts, and spot trading, will launch its testnet in October, with a mainnet expected before year-end. Shelby, a hot decentralized storage system designed for social media apps and training data in partnership with Jump Crypto, is expected to launch in 2026.
Avery Ching, formerly head of Meta’s Diem crypto project, leads Aptos, which has received backing from FTX Ventures, Andreessen Horowitz, Apollo, Franklin Templeton, and Circle Ventures.
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