World Liberty Financial (WLFI), a cryptocurrency venture majority-controlled by President Donald Trump’s family, announced the expansion of its USD1 stablecoin to the Canton Network. The move has been widely touted as an aggressive expansion because of the way it moves USD1 from a general retail blockchain to a network intentionally designed for regulated institutional finance.
This comes after Abu Dhabi investment firm MGX made a hefty investment of $2 billion in Binance, fully completed using the USD1 stablecoin, and after Binance introduced USD1 trading pairs for popular tokens such as BNB, ETH, and SOL.
USD1 joins Kantar Network
The USD1 stablecoin has a market capitalization of $2.7 billion and is considered one of the fastest growing digital dollar stablecoins. Fully reserved, 1:1 redeemable digital assets are fully backed by short-term U.S. government treasury, U.S. dollar deposits, and other cash equivalents.
As mentioned earlier, the decision to launch USD1 canton network This underscores WLFI’s goal to extend stablecoin functionality into a regulated, interoperable ecosystem designed for global finance.
Unlike regular blockchains, Canton boasts an architecture that allows institutions to settle tokenized assets and stablecoins while ensuring privacy, control, and compliance, enabling a wide range of high-value financial use cases.
These use cases include collateralization of derivatives and institutional loans, cross-border payments with 24/7 instant settlement, on-chain asset issuance, financing, redemption, and interoperable on-chain finance across institutions and markets.
“Institutions around the world, from sovereign institutions to global asset managers, are seeking a trusted, purely digital U.S. dollar,” said Zach Folkman, co-founder and chief operating officer of World Liberty Financial.
According to Folkman, the intent of introducing USD1 in Canton is to not only allow regulated entities to transact securely and privately, but also to do so while leveraging the programmability and efficiency of blockchain technology.
“Canton’s institutional-grade infrastructure creates an ideal foundation for real-world digital dollar payments,” Folkman added.
“WLFI’s move to introduce USD1 in Canton highlights the growing demand for compliant, interoperable digital assets within the institutional market,” said Melvis Langintuo, Executive Director of Canton Foundation. “Canton’s privacy-first architecture allows stablecoins like USD1 to power next-generation financial applications, from intraday repos to digital bond payments, without compromising regulatory requirements.”
Binance adds new USD1 trading pair
The recent development regarding WLFI comes days after Binance, the world’s largest cryptocurrency exchange, announced that users can now trade tokens such as BNB, ETH, and SOL using the USD1 trading pair.
The exchange last week revealed plans to introduce $1 “into some of the platform’s most active spot markets.” It also announced that all collateral assets backing Binance Peg BUSD (B Token) will be converted to $1 at a 1:1 ratio within the week.
“This transition means USD1 will become an integral part of Binance’s modern collateral structure, further incorporating stablecoins within the exchange’s ecosystem.” World Liberty said In a statement.
According to DeFiLlama data, there is currently around $2.8 billion worth of USD1 in circulation. Much of the supply comes from Abu Dhabi investment firm MGX’s decision to invest $2 billion in Binance using $1 each earlier this year.
“Binance’s USD1 expansion marks a key moment in WLFI’s commitment to making the digital USD stablecoin available to people around the world,” World Liberty CEO and co-founder Zach Witkoff said in a statement. “By integrating USD1 into the liquidity, trading and collateral systems of the world’s largest exchange, Binance will improve access to USD1 for hundreds of millions of users.”
