The Stablecoin Era Arrives on Aptos
Stablecoins have played a pivotal role in Aptos’ ecosystem growth, contributing nearly 40% of the network’s $1 billion in Total Value Locked (TVL). This stablecoin momentum underscores Aptos’ ability to support groundbreaking financial projects and the tokenization of real-world assets on a secure, scalable, and cost-friendly network.
Tether’s USDT: The World’s Most Widely-Used Stablecoin
Tether's USDT—one of the world’s most widely used stablecoins with a market cap of over $130 billion—is now natively supported on the Aptos blockchain.
With USDT now live on Aptos, developers can integrate stablecoin functionality into their apps and build new financial tools for efficient digital transactions.
With its low gas fees and rapid processing times, USDT on Aptos offers unmatched efficiency for both micro-transactions and large-scale operations, reducing costs for users while expanding the network’s appeal to global audiences.
Native USDT is now supported across a host of Aptos dApps and exchanges such as MEXC and Bitfinex.
Circle’s USDC: The Largest Regulated Dollar-Backed Stablecoin
The second largest stablecoin by market cap, Circle’s USDC, will also soon be available on the Aptos network. USDC is often considered one of the most secure stablecoins due to its high levels of regulation and transparency.
The integration will also bring the Cross-Chain Transfer Protocol to the Aptos network—ensuring a seamless transfer of USDC between Aptos and 8 other major blockchains including Arbitrum, Base, Ethereum, and Solana.
It also opens the door to over 72 different pathways for cross-chain transactions for onboarding, swapping, treasury rebalancing, and beyond—all with 1:1 capital efficiency.
One of these pathways is Stripe, the world's leader in payment solutions. Stripe’s payment services paired with native USDC will also launch on Aptos—creating a reliable fiat on-ramp to streamline merchant pay-ins and payouts using Aptos-compatible wallets.
Ondo Finance’s USDY: Setting the Stage for Tokenized Finance
Joining the ranks is Ondo Finance’s USDY, which launched on Aptos in the summer of 2024. As the world’s leading permissionless yieldcoin, USDY is the first tokenized note backed by a bankruptcy-remote portfolio of native US Treasuries.
Ondo is supported by the largest protocols in the Aptos ecosystem, including Aries Markets, Thala Labs, LiquidSwap, and popular Aptos wallets.
With over $400 million in TVL across multiple blockchains, USDY combines the utility of stablecoins with features aligned with traditional finance standards.
USDY serves various use cases, such as enhancing liquidity pools with a natively stable asset and acting as collateral for borrowing, lending, and derivatives in money markets.
Hong Kong’s e-HKD: Pioneering Regulated Digital Currency
The Hong Kong Monetary Authority (HKMA) has launched the second phase of its digital Hong Kong dollar (e-HKD) pilot, with Aptos Labs selected as the premier blockchain partner in the program. This initiative aims to advance regulated digital assets and explore the future of central bank digital currencies (CBDCs).
The project focuses on prototyping and testing the commercial feasibility of e-HKD for individuals and businesses. The HKMA’s sandbox will examine use cases across three key areas: the settlement of tokenized assets, programmability, and offline payments.
The project involves multiple global partners, including Boston Consulting Group (BCG), Hang Seng Bank, HSBC, BlackRock, Visa, and Mastercard. Aptos Labs, a core Aptos ecosystem contributor, stands out as the only blockchain-focused organization selected for the project.
Aptos Labs, Hang Seng Bank, and BCG will test the commercial value of settling a tokenized fund using digital money on a public blockchain.
Money Moves Better on Aptos
With the world’s largest stablecoins and institutions coming aboard, Aptos is cementing its role as a cornerstone for global finance. Aptos empowers builders and users worldwide, driving the next generation of decentralized and enterprise-grade financial innovation.