Aptos stablecoin ecosystem expands with launch of Paxos Labs’ USDG0
Aptos Weekly Overview - November 26, 2025
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By The Numbers
Aptos daily txns: 2.8M (+21.74%)
Network transactions per second: 85 tx/s (+3.68%)
Daily active users: 1.3M (+18.18)
Aptos TVL: $458.1M (-19.24%)
Aptos stablecoin market cap: $1.57B (+12.95%)
The percentages and metrics are based on a 14-day timeframe, unless noted otherwise.
Inside the blockchain
🌐 What happened: Paxos Labs announced its USDG0 stablecoin will be integrated on to Aptos.
🌐 Why it matters: USDG0 is an omnichain version of Paxos’ regulated stablecoin, USDG. It is a fully regulated, 1:1 USD-backed stablecoin issued by Paxos, the same infrastructure provider behind other stablecoins like USDP and PYUSD.
Unlike traditional bridged versions that rely on locks or wrappers, USDG0 uses LayerZero’s burn-and-mint model which enables direct transfers to-and-from other supported ecosystems like Ethereum, Solana and Hyperliquid. While this is mainly designed for reduction of liquidity fragmentation, it also expands Aptos’ cross-chain DeFi capabilities.
This integration is the second Paxos-issued stablecoin on Aptos, following PYUSD0 earlier in September. Alongside USDT, USDC, USDE, PYUSD0, and USD1, this release gives developers another compliant, institutional-grade stablecoin option. Already, we are seeing this playout as stablecoin supply on Aptos has grown 35% to $1.4 billion since Paxos Labs’ announcement of USDG0 on November 18. On a broader scale, USDG, the stablecoin USDG0 is derived from, has a market cap of $1.2 billion.
The Aptos Foundation will work with key Aptos ecosystem protocols to integrate USDG0 in support of sustainable, ecosystem-wide adoption. In addition, Aptos wallets like Petra and OKX will support USDG0 for users.
🌐 The big picture: As Aptos continues to expand its stablecoin offerings and regulated issuers gain attention, the release of USDG0 further positions the network as a reliable venue for settlement and onchain liquidity. By adding another stablecoin with functionality like yield-sharing, it increases optionality for Aptos developers, institutions, and payment providers that require compliance-grade assets.
Since USDG0 is issued by Paxos, it operates under both Singapore’s MPI license and Europe’s MiCA framework. The MPI license means it legally recognizes USDG as an approved payment token in Singapore. For institutions, it means banks, payment companies, and wealth funds in the country can custody and offer USDG to clients. As for MiCA, any licensed European banker or broker can offer USDG to its customers as well without violating regulations.
All in, USDG0’s integration with Aptos gives the network access for stablecoin adoption across these two regions. MPI and MiCA together can turn USDG0 from just another stablecoin on Aptos, to an institutionally accepted on-ramp and off-ramp digital asset.
The ecosystem is makin’ Moves
Decibel launched its onchain DEX to testnet with yield opportunities through user-managed vaults, as well as risk engines and backend trading APIs
Hyperion wrote a post on how its Aptos DEX lets users earn yield on USD1 holdings
Tapp Exchange announced it will launch its TAPP token for governance and emission use cases
Panora integrated Chainlink CCIP for cross-chain transfers of its wrapped bitcoin assets and USD1
Geomi released gRPC v2, giving developers access for transaction filtering to cut bandwidth and processing costs
Binance enabled soft staking for Aptos so users can earn yield on their holdings while still being able to trade the asset
Shuriken added Aptos to the list of supported networks for its memecoin trading platform
Aave TVL on Aptos hit an all-time high of $22.6M on Nov. 25
Aptos network wins
Learn about Aptos’ tech stack for millisecond latency, encrypted orderflow, higher throughput, automation, and single consensus under a license that makes the full source code publicly available immediately for auditing and experimentation
Aptos’ stablecoin market cap rose 28% throughout the week back to all-time highs of $1.63B
Aptos Labs and Almanax collaborated to develop specialized AI agents that detect and remediate vulnerabilities in Move codebases
Aptos peer-to-peer stablecoin transactions hit an all-time high of 3.7M on Nov. 21
Join in the fun
Want to dive into the ecosystem full-time?
Find the latest job postings on Aptos Foundation here
Participate in OKX Wallet’s campaign, which features up to $50K in APT rewards for users who deposit xBTC on Aries Markets, Echelon Markets, Echo Protocol, and Hyperion
Register for Aptos’ Hackathon in Bangalore from Nov. 29-30
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.