Canton Network Integrates World Liberty Financial's USD1 Stablecoin
World Liberty Financial has launched its USD1 stablecoin natively on the Canton Network. This move brings the dollar-pegged asset into an institutional blockchain environment focused on tokenized real-world assets.
The integration allows institutions to use USD1 for settlement across transactions involving tokenized assets, derivatives collateral, institutional lending, and asset issuance and redemptions.
Native issuance means USD1 can settle alongside tokenized assets within the same transaction while taking advantage of Canton's privacy and permissioning features. The stablecoin is issued by BitGo Bank & Trust, which manages its reserves and handles USD1 minting and redemptions.