World Liberty Financial Launches USD1 Stablecoin on Aptos Blockchain
World Liberty Financial, co-founded by Donald Trump Jr., is launching its USD1 stablecoin on the Aptos blockchain. This marks USD1 as the first stablecoin using a Move-based integration on Aptos, aiming to utilize its fast and efficient infrastructure.
- The launch was announced by the Aptos Foundation on Oct. 1.
- USD1 is backed by US Treasuries, dollars, and cash equivalents.
- The project includes plans for a debit card by early 2026.
Broad Ecosystem Support for USD1
- Official rollout set for Oct. 6 with support from DeFi protocols like Echelon Market and Hyperion.
- Supported by wallets and exchanges such as Petra Wallet and OKX.
- Aims to facilitate smooth onboarding and usage across the network.
The Aptos network, originating from Meta's discontinued Libra project, holds over $720 million in real-world assets and more than $1 billion in stablecoins, including USDC and USDT. Known for low latency, it enables sub-second transactions with minimal fees.
World Liberty Financial has faced controversy but achieved a listing on Robinhood and conducted token burn events to manage supply. The expansion of USD1 aims for wider adoption in the digital asset market.