Native USDT on Aptos: stablecoin launches as ecosystem catalysts
Thread618 words
Argues native USDT on Aptos could repeat past patterns: Fantom stablecoin supply rose 5x after USDT launched and Avalanche more than doubled. Aptos stablecoin supply and TVL are already up over 3x YTD, with USDC at about 60% share.
Key claims
Aptos stablecoin supply and TVL up over 3x YTD
USDC has roughly 60% share on Aptos
Fantom stablecoin supply rose 5x after USDT launch
Stablecoin liquidity is the fuel that powers multi-billion $$$ on-chain economies.
Hence, native stablecoin launches are among the most powerful catalysts for emerging ecosystems.
Now, $USDT with >$118B in market cap is coming to @Aptos.
Is Aptos season imminent?
Alpha-馃У t.co/V9jE0vmOEC
1/ $USDT is the largest stablecoin in the market.
@Aptos is the fastest chain in the market.
This is a match made in heaven and will take the @Aptos ecosystem to the next level.
Especially for emerging ecosystems, onboarding major stablecoins natively is absolutely key.
2/ A native $USDT deployment allows institutions to onboard capital seamlessly and generally improves UX & security by providing a single, native version of the $USDT token vs. various wrapped/bridged versions that can expose users to significant risk.
But let's dive deeper.
3/ Where do we currently stand?
Both stablecoin supply and TVL on @Aptos have seen significant growth, with both key metrics up >3x YTD.
This indicates a healthy ecosystem of DeFi apps and an intact capability to attract external assets.
4/ Currently, $USDC is the dominant stablecoin on @Aptos with roughly 60% market share.
$USDT comes in second before @OndoFinance's $USDY.
5/ With $USDT going live natively on @Aptos, the overall stablecoin supply will likely get a growth boost and $USDT market share will increase.
Notably, the integration also positions $USDT as the 1st native stablecoin in the Move ecosystem ever.
The $USDT expansion continues.
6/ What happens next?
Let's have a look at what happened to other ecosystems in the past.
@FandomFDN for example, saw a significant revival of DeFi activity on-chain after $USDT launched last cycle.
From launch to peak, stablecoin supply went 5x in just a few months.
7/ With @avax, while the uptrend was already much clearer and more advanced, the development was very similar with total stablecoin supply more than doubling after the $USDT launch.
8/ While the $USDT launch itself is not the sole reason for this, and overall market sentiment is still the decisive factor on most of these growth metrics, it did certainly play an important facilitator/catalyst role.
9/ Hence, looking at the @Aptos TVL chart today, and considering the (likely) brightening macro-economic outlook in the months ahead, I can see a similar pattern emerge as we have seen with @FantomFDN last cycle.
10/ However, the influx of new stablecoin capital will not only spur growth among DEXes, lending protocols and derivatives platforms.
It will also allow users to natively transact with the $USDT stablecoin at a lower cost than on almost any other network.
11/ That bolsters financial inclusion and enables accessible, high-speed payment solutions and more.
"This collaboration underscores our ongoing efforts to lead with innovation and support our users with stable, reliable financial tools."
- @tether CEO @paoloardoino
12/ Especially in more price-sensitive emerging markets, the integration on a high-performance chain like @Aptos with its parallel MoveVM is enhancing the accessibility of digital finance significantly, driving financial inclusion forward.
13/ $USDT transactions at almost 0 cost will provide more people access to stable, efficient digital currency & (micro-)payment solutions.
It even allows for instant & super cheap cross-border transactions and remittances.
14/ A wave of DeFi growth, new use cases and new users.
Native $USDT is a milestone for the @Aptos ecosystem and likely a huge catalyst.
NFA but DYOR anon.
15/ Want to learn more?
Find the original $USDT launch announcement by @tether here. 馃憞
x.com/Tether_to/status/1825459989386776707
16/ If you want to dive deep on @Aptos, check my thread here! 馃憞
x.com/zerokn0wledge_/status/1795518871006540075
That's a wrap! I hope you've found this thread helpful! 馃
Make sure to follow me @zerokn0wledge_ to stay ahead of the curve on the @Aptos ecosystem!
Like/Repost of the below post is also highly appreciated! 馃檹馃憞
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