World Liberty’s USD1 stablecoin launch on Canton hits $4.05 billion
World Liberty Financial has taken its dollar-pegged stablecoin fully onchain inside one of the fastest-growing institutional blockchain networks in finance. On August 25, the company confirmed that World Liberty Financial’s USD1 stablecoin, now valued at $4.05 billion, is issued natively on the Canton Network, giving banks, asset managers and other institutions a way to settle tokenized securities and cash payments inside a single, synchronized transaction.
Key takeaways
- World Liberty Financial’s USD1 stablecoin, worth $4.05 billion, is now issued directly on the Canton Network rather than bridged from another chain.
- Native issuance lets institutions settle a tokenized asset and its USD1 payment in the same synchronized transaction, cutting settlement risk.
- USD1 is fully reserved, redeemable one-to-one for U.S. dollars, and ranks as the sixth-largest dollar-pegged stablecoin, according to DeFiLlama.
- World Liberty Trust Company has conditional OCC charter approval but still needs final authorization before it can take over USD1 issuance from BitGo Bank & Trust.
- Canton processes more than $9 trillion in tokenized assets monthly and $350 billion in onchain U.S. Treasurys daily, and is piloting a benefits payment program with the American Idea Foundation.
World Liberty Launches USD1 Stablecoin on Canton Network
Native issuance means USD1 no longer has to travel through a bridge from another blockchain to reach Canton. Instead, the token is minted and settled directly on the network, which lets an institution swap USD1 for a tokenized asset in one move rather than two separate, sequential transfers.
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