32.9% APY—Can It Really Move 80 Billion in Stablecoins?

Aptos×USD1 Isn’t Competing With Tron, But With People’s Habits

1. A 32.9% APY Cracks Open a Gap

Today, many people aren’t watching @Aptos,
But the 32.9% APY for USD1/USDC on Goblin Finance.

The numbers look great.

But my first thought isn’t about earning, it’s three words: Who’s subsidizing?

2. The Numbers Are Lively, Reality Is Quiet

The current landscape is actually quite simple:

- Stablecoins on #Tron have become the default option for global remittances
- Stablecoins on #Aptos are still in a high-speed testing phase

One is a payment habit,
The other is a financial experiment.

They’re not even competing at the same stage.

3. Technology Can’t Beat an Established Lifestyle

Aptos is fast, cheap, and has advanced architecture.
I acknowledge all that.

But in the real world,
What truly determines a chain’s fate is never TPS,
But this question: “Can this money be cashed out tonight?”

Tron can.
So it’s won.

4. The Real Watershed for USD1 Isn’t Yield, But Who Dares to Backstop It

All the current high APY, hype, and TVL growth essentially rely on one thing: “There’s always someone willing to put up real money on the line.”

But what the market truly fears is the day that promise suddenly fails.

Terra didn’t lose because of its algorithm, it lost because—at the final moment—no one stood behind it.

5. If I Were Aptos, I Wouldn’t Compete With Tron’s APY

I’d do something dumber, but harder:

Go to a country and get 1,000 stores to truly accept USD1,
Let 1 million ordinary people use it in the real world for the first time.

Because the real moat isn’t code, it’s this:
“Once you use it for the first time, you’ll be too lazy to switch again.”

6. A Real Choice for You

Now, here are two paths:

A: 30%+ APY, big narrative, but the path is still experimental
B: 3–5% APY, but already used for paying rent, salaries, and remittances

Which would you choose?

And if you’re Aptos, how can you get more people to move from B to A?

One last note—not a conclusion, but a reminder:

Aptos isn’t losing on technology; it just hasn’t entered the world people use every day.