On October 1st, the team at Aptos announced that World Liberty Financial's stablecoin USD1 will launch on Aptos, triggering a price pump for the APT digital asset.
World Liberty Financial is the crypto project backed by the Trump family, and Aptos is an L1 PoS blockchain that employs a new smart contract programming language called Move, a Rust-based programming language independently developed by Meta's Diem blockchain engineers.
USD1 to Launch on Aptos
Aptos revealed that Donald Trump Jr. and Zach Witkoff, both members of the World Liberty Financial team, announced that the project's stablecoin USD1 will launch on Aptos on October 6th.
The team said that the list of Aptos' users is growing, highlighting the chain's fast, cheap, and efficient rails.
USD1 will have support from the entire Aptos ecosystem, including DeFi protocols such as Echelon Market, Hyperion, Thala Labs, Panora Exchange, and Tapp Exchange.
USD1 will be supported at launch by multiple wallets, including Petra Wallet, Bitget Wallet, and more. OKX and Gate.io will also support USD1.
Individuals and institutional participants will get instant access to USD1.
Aptos currently features:
- $750 million in RWAs
- $1 billion in stablecoins
- USDC, USDT, USDe, and PYUSD0
- Low-latency for sub-second transactions
- Low transaction fees at approximately $0.00055
Aptos promises to build a future of finance that is advanced, affordable, and adoption-ready.
Following today's announcement, APT, the project's digital asset price is pumping.
APT Price Trajectory on October 1st
At the moment of writing this article, APT is nearing $4.49, up by almost 6% in the past 24 hours.
APT's market cap of above $3.15 billion, and the 24-hour trading volume is over $457 million, up by more than 98% today.
APT price is surging amidst an optimistic general crypto market that has just kicked off Uptober.
