TL;DR
- World Liberty Financial expands USD1 to Canton Network to facilitate regulated and private institutional transactions.
- The stablecoin boasts a $2.8 billion market capitalization following a strategic investment by MGX in Binance.
- Binance integrates USD1 trading pairs for major assets like BNB, ETH, and SOL, strengthening its liquidity.
World Liberty Financial (WLFI) is setting its sights on the traditional financial sector. The organization announced the institutional expansion of USD1 into Canton Network, a network specifically designed to meet the privacy and compliance needs of large financial institutions.
We are witnessing a paradigm shift for USD1. By migrating from general retail blockchains toward an interoperable and regulated ecosystem, the stablecoin seeks to position itself as the benchmark digital asset for tokenized asset settlement. Canton Network stands out for enabling high-value operations, such as institutional lending and derivatives collateralization, under strict control standards.
Canton Network: The Bridge to Global Finance
Canton’s architecture offers 24/7 settlement solutions and instant cross-border payments. Zak Folkman, co-founder of WLFI, highlighted that sovereign entities and global asset managers are looking for a “trusted and purely digital U.S. dollar.” According to Folkman, the institutional expansion of USD1 will allow these entities to operate with blockchain efficiency without sacrificing regulatory requirements.
On her part, Melvis Langyintuo of the Canton Foundation noted that the network’s infrastructure is ideal for next-generation applications, such as intraday repurchase agreements (repos) and digital bond settlement.
The growth of USD1 has been meteoric, reaching a market capitalization of $2.8 billion. A large portion of this volume stems from a $2 billion investment made by the Abu Dhabi-based firm MGX into Binance, executed entirely using this stablecoin.
In line with this growth, Binance recently integrated institutional expansion of USD1 trading pairs for leading cryptocurrencies such as Bitcoin, Ethereum, and Solana. Additionally, the exchange announced the conversion of BUSD backing assets into USD1 at a 1:1 ratio, consolidating WLFI’s asset as a centerpiece within the global liquidity ecosystem and collateral systems of the world’s largest exchange.
