Aptos CEO Avery Ching confirmed the partnership, describing it as the result of long-term conversations with WLFI. “They view us as some of the best tech partners they could work with,” Ching said in a recent interview, adding that the project’s first goal is to create a stablecoin whose yield flows back to users.
USD1 Launch Brings Broad DeFi Integration
According to Aptos, the USD1 stablecoin will integrate seamlessly across multiple DeFi platforms and wallets at launch. Liquidity pools and incentives will be activated on Echelon, Hyperion, Thala, and Tapp, while support will also come from wallets and exchanges such as Petra, Backpack, OKX, OneKey, Bitget Wallet, Nightly, and Gate Wallet.
Ching said WLFI chose the layer 1 blockchain for its scalability and efficiency. “It’s incredibly cheap—less than a hundredth of a cent to transact—and way faster than any blockchain out there, with transactions under half a second,” he claimed.
The Aptos network, a proof-of-stake blockchain designed to compete with Ethereum and Tron, already supports major stablecoins like Tether (USDT), USDC, PayPal USD, and Ethena USD (USDE).
Tether’s launch earlier this year spurred rapid growth, with $1.3 billion USDT now circulating on the blockchain. However, this remains small compared to Tron’s $78.6 billion and Ethereum’s $94.8 billion, according to Tether.
Currently, USD1 holds a $2.68 billion market capitalization, most of it concentrated on the BNB Chain, according to DefiLlama. Aptos itself accounts for only 0.35% of the stablecoin market share, though Ching believes its $60 billion in monthly volume and expanding product suite will help close the gap.
Aptos Expands With New DeFi and Storage Projects
Looking beyond stablecoins, Aptos also unveiled Decibel, a high-performance decentralized exchange designed for stablecoin trading, perpetual contracts, and spot markets. The testnet is expected in October, with a full mainnet release before the end of 2025.
Additionally, Aptos announced Shelby, a decentralized “hot storage” system developed in partnership with Jump Crypto. Scheduled for launch in 2026, Shelby will target real-time social media platforms and AI training data storage.
Founded by former Meta executive Avery Ching, who previously worked on the Diem project, Aptos has received backing from major venture capital firms including FTX Ventures, Andreessen Horowitz, Apollo, Franklin Templeton, and Circle Ventures.
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Author: coinmaker