Layer-1 blockchain Aptos confirmed a major partnership with World Liberty Financial (WLFI), while announcing the launch of USD1 stablecoin to its ecosystem. Donald Trump Jr. and WLFI CEO Zach Witkoff unveiled the development during TOKEN 2049 in Singapore.
The collaboration introduces USD1 to Aptos, making it the first Move-based blockchain to integrate the stablecoin. Move is a programming language developed by Meta for its now-closed Libra project.
The USD1 has a market capitalization of $2.7 billion, making it the seventh largest stablecoin. The blockchain announced on X that the coin will launch on Aptos on October 6. It is backed by DeFi platforms like Thala Labs, Panora Exchange, and Hyperion.
Besides, wallets and exchanges including OKX, Gate, Backpack, and Petra Wallet will also provide immediate access to USD1 on Aptos. Consequently, both institutional and retail users will be able to transact with USD1 seamlessly at launch.
Aptos expands stablecoin ecosystem
Besides USD1, Aptos currently hosts USDC, USDT, USDe, and PayPal’s PYUSD. Its X post claimed that the network has over $1 billion in stablecoins and more than $60 billion in monthly volume, though it holds only 0.35% of the stablecoin market share. Ethereum dominates with 53.3%, increasing to 69% when layer-2s are included, as per DeFillama data.
Aptos is also rolling out new projects to boost its ecosystem. Its CEO Avery Ching unveiled “Decibel,” a trading platform built for stablecoins and derivatives, scheduled for testing in October and could go live before the end of the year. Moreover, Aptos is teaming up with Jump Crypto on “Shelby,” a storage system built to support fast apps such as social media and artificial intelligence (AI) tools. The project is expected to launch in 2026.
WLFI’s broader vision
Witkoff said USD1 is built to be “the money for the future of finance,” while WLFI gives people a voice in decisions. Beyond that, the team is building a debit card and mobile wallet, both expected to roll out by late 2025 or early 2026.
Notably, Trump Jr. stressed that the project extends beyond U.S. borders.”We should be leading as America… [but] we want this to be for the world,” Trump Jr. wrote. “It’s about creating a platform for the world to utilize, for them to partake in all of these things.”
USD1’s move shows WLFI’s drive to go global while giving Aptos a stronger spot in the stablecoin race.
Also Read: Stripe Launches Tool to Create Stablecoins With Few Lines of Code
