Layer-1 Blockchain Aptos announced a partnership with the World Liberty Financial of the Trump family to deploy USD1 Stablecoins.
Aptos CEO Avery Ching said they are talking to Trump-related project related to Trump and “They view us as some of the best tech partners they can work with.”
Talking to Cointelegraph at the token conference 2049 in Singapore this week, Ching said that Wlfi is working on products for retail, banking and other things for the future. The first step is to get a stablecoin where the yield returns to the people, he added.
The USD1 will live on the Aptos Network on October 6 and will have immediate, extensive ecosystem support. Water and incentive pools will live in the leading protocols of Aptos Defi, including Echelon, Hyperion, Thala, and TAPP, and purses and exchanges such as Petra, Backpack, Okx, OneKey, Bitget Wallet, Nightly, and Gate Wallet will also support the launch.
Ching says that World Liberty Finance has chosen Apt Because it is “incapable -it is cheap,” costing “less than one hundred one cent” to transact, and it is “faster than any blockchain there” with transactions under half a second.
Angling for sharing the tron market
The proof-of-stake layer-1 blockchain aims to compete with Ethereum and Tron for Stablecoin deployment.
Tether (USDT) launched at Aptos at the beginning of the year and experienced “massive growth” in a short time, says Avery, who is expected to see expansion in the future.
There are current $ 1.3 billion in USDT in APTOS, $ 78.6 billion in Tron, and most, $ 94.8 billion, in Ethereum, According to To Tether.
The USD1 capital is currently $ 2.68 billion, and most of them are in the BNB chain, According to In Defillama.
Aptos market sharing grows
Aptos has a long way to go to meet industry leaders, who hold a part of the Stablecoin market around just 0.35%, According to To RWA.XYZ. However, it runs Tether (USDT), USDC (USDC), Etherna USD (USDE), and Paypal USD (PIUSD) and transactions of over $ 60 billion in monthly quantities, Avery says.
Related: Aptos sees climbing tokenization while asset managers will go onchain
The Ethereum holds the lion part to a 59% total part of the Stablecoin market, which rises to 69% when EVM -compatible networks are included.
New products in the pipeline
The CEO of Aptos also announced “decibel,” a high performance, decentralized exchange optimized for stablecoins, Perpetual Contracts, and spot trading. Testnet is expected in October, with the launch of Mainnet before the end of the year.
A “hot decentralized storage” system called “Shelby” is also announced. It is designed in collaboration with Jump to the crypto For real-time social media apps and training data, with the launch expected in 2026.
Avery Ching was the former head of Meta’s “Diem” project before moving to Aptos, who has been Backed Through giant venture capital such as FTX ventures, Andreessen Horowitz, Apollo, Franklin Templeton and Circle Ventures.
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