World Liberty Financial has launched its USD1 stablecoin natively on the Canton Network, allowing institutions to use it to settle transactions involving tokenized real-world assets. USD1 is the sixth-largest stablecoin with a market capitalization of approximately $4.05 billion according to DeFiLlama data. The stablecoin is issued by BitGo Bank & Trust and can be used as the cash leg for transactions including derivatives collateral, institutional lending, as well as asset issuance and redemptions. Canton Network processes over $9 trillion in tokenized assets monthly and over $350 billion in onchain US Treasurys daily.
Source: Read the original article
