TLDR
- World Liberty Financial has launched its USD1 stablecoin natively on the Canton Network for institutional use
- USD1 has a market cap of $4.05 billion, making it the sixth-largest stablecoin
- Institutions can use USD1 for derivatives collateral, lending, asset issuance, and cross-border payments
- Canton processes over $9 trillion in tokenized assets monthly, with $350 billion in onchain US Treasurys moving daily
- World Liberty Trust Company received conditional OCC charter approval on Aug. 14 but cannot yet operate
World Liberty Financial has launched its USD1 stablecoin directly on the Canton Network, giving institutions a dollar-based settlement tool for tokenized real-world assets.
.@WorldLibertyFi's U.S. dollar stablecoin, $USD1, is now natively issued on Canton.
It gives institutions a fully reserved dollar leg that settles atomically alongside the asset, under the same privacy and compliance controls these assets require.
PR: https://t.co/TbNXqlUHTf pic.twitter.com/XqqXAj8KQZ
— Canton Network (@CantonNetwork) August 25, 2026
The move means USD1 is now issued natively on Canton rather than being bridged from another blockchain. This allows the cash and asset sides of a trade to settle in the same transaction.
How Native Settlement Works on Canton
Canton’s system synchronizes both transfers so neither side completes before the other. This reduces settlement risk in institutional trades involving tokenized securities, bonds, or government debt.
Canton applies privacy and permissioning controls, letting firms choose which parties can view transaction data while staying compliant with regulated market requirements.
The network says it processes more than $9 trillion in tokenized assets each month. More than $350 billion in onchain US Treasurys moves across Canton daily.
An earlier example of how the structure works in practice came in July, when Tradeweb said Franklin Templeton transferred a tokenized US Treasury to Virtu Financial in exchange for USDCx, with Canton synchronizing the two transfers in real time.
Institutions can now use USD1 in place of a stablecoin like USDCx for that cash leg.
USD1 Background and Growth
USD1 launched in March 2025. It is backed by short-term US Treasurys, government money market funds, and dollar deposits. BitGo Bank and Trust currently issues the stablecoin and manages its reserves.
Its market cap has grown from over $2 billion in December 2025, when World Liberty and Canton first announced the planned integration, to $4.05 billion today.
A single $2 billion transaction made up a large portion of that early growth. In May 2025, Abu Dhabi-backed investment firm MGX used USD1 to settle its investment in Binance.
World Liberty CEO Zach Witkoff said the growth reflects institutional demand and denied that the Trump family’s connection to the company drove adoption. World Liberty Financial is a Trump family-backed crypto venture launched in 2024.
The company’s ties to President Donald Trump and the involvement of a foreign state-backed investor have drawn scrutiny from Democratic lawmakers.
On Aug. 14, the Office of the Comptroller of the Currency gave World Liberty Trust Company conditional approval to form a national trust bank. The company still needs to meet capital requirements and other conditions before it can operate.
If approved, World Liberty Trust would take over USD1 issuance and reserve management from BitGo and provide digital asset custody services under federal oversight.
Canton is also expanding into public sector payments. Digital Asset and former House Speaker Paul Ryan’s American Idea Foundation plan to pilot a Canton-based benefits distribution system across three US states starting in early 2027, pending federal approval.
