Crypto
USD1 Stablecoin Expands to Canton Network
World Liberty Financial has expanded its USD1 stablecoin to the Canton Network, offering institutional settlement capabilities for tokenized real-world assets.
The launch makes USD1 natively available on Canton's privacy and permissioning framework, which supports collateral, lending, payments, and tokenized asset transactions.
BitGo manages issuance, redemptions, and reserve infrastructure for USD1, ensuring the stablecoin remains pegged to the US dollar at a 1:1 ratio.
Canton's network has seen significant growth, with over $9 trillion in tokenized assets issued or processed monthly and over $350 billion in on-chain US Treasurys moving daily.