World Liberty Financial launches USD1 natively on Canton Network
USD1 is the sixth-largest stablecoin, with a market capitalization of more than $4 billion, according to industry data.
World Liberty Financial has introduced USD1, a stablecoin valued at $1, on the Canton Network, enabling institutions to settle transactions involving real-world assets represented as tokens. This move allows USD1 to serve as the cash component in various financial activities such as derivatives collateral, institutional lending, asset issuance, and redemptions.
By issuing USD1 natively, the stablecoin can settle alongside tokenized assets within the same transaction, leveraging Canton's privacy and permissioning capabilities. With a market capitalization of approximately $4.05 billion, USD1 ranks as the sixth-largest stablecoin, according to DeFiLlama data. Managed by BitGo Bank & Trust, which oversees the reserves and handles mints and redemptions, USD1 was launched in March 2025 and is backed by reserves consisting of short-term US Treasurys, government money market funds, and dollar deposits.
Canton is a public, permissionless blockchain designed for institutional finance, processing and issuing over $9 trillion in tokenized assets monthly, with more than $350 billion in US Treasurys moving across the network daily on a daily basis. This integration follows another recent expansion by Canton, where Digital Asset and former US House Speaker Paul Ryan’s American Idea Foundation announced plans to pilot a Canton-based system for distributing state-administered benefits across three US states starting in 2027.
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