The Canton Network will offer USD1 stablecoin, issued by World Liberty Financial (WLFI).
WLFI is majority-controlled by the Trump family. USD1 has a market cap of over $2 billion. USD1 is fully backed 1 to 1 by US Treasuries, dollar deposits, and other low-risk assets. Assets are held or maintained by BitGo Trust Company.
Governed by the Canton Foundation, the Network is a “privacy-enabled” permissionless blockchain for financial services and real-world assets (RWAs). The Canton Network hosts over $6 trillion in tokenized asset,s including U.S. Treasury repos, syndicated loans, money market funds, and commodities.
The integration of USD1 is described as an important milestone in WLFI’s strategy to expand USD1’s reach across institutional onchain finance.
Zak Folkman, co-founder and Chief Operating Officer of World Liberty Financial, said their intention to deploy on the Canton Network will allow regulated entities to transact privately while gaining the efficiency of blockchain technology.
