USD1 Stablecoin Integrated on Canton Network for Institutional Settlements
World Liberty Financial has integrated its USD1 stablecoin natively on the Canton Network. This move positions USD1 as a 'cash leg' for settlements that pair stablecoin liquidity with tokenized real-world assets (RWAs).
The integration is designed for institutional use cases, allowing USD1 to sit alongside tokenized assets within the same transaction. This includes scenarios involving derivatives collateral, lending, and issuance and redemption flows.
USD1's market capitalization stands at approximately $4.05 billion, ranking it as the sixth-largest stablecoin by DeFiLlama data.
The integration comes after additional Canton expansion plans, including a pilot connected to state-administered benefits distribution. World Liberty Financial highlights that USD1 is issued and managed with reserves and mint/redemption processing handled by BitGo Bank & Trust.