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World Liberty Financial Brings USD1 to Canton Network
Source: CryptoNewsNet Original Title: World Liberty Financial Brings USD1 to Canton Network Original Link: The Canton Network has announced the intention to deploy World Liberty Financial’s USD1 stablecoin on its blockchain. Canton Network is a privacy-focused blockchain for regulated finance. The planned deployment is aimed at expanding the use of USD1 within institutional onchain markets and supporting adoption among regulated global participants.
World Liberty Financial is a digital asset issuer focused on stablecoins. USD1 is designed for institutional use and is fully reserved. Each token is redeemable 1:1 and backed by short-term U.S. government treasuries, U.S. dollar deposits, and cash equivalents.
By planning to bring USD1 to the Canton Network, World Liberty Financial seeks to place the stablecoin inside an environment built for compliance and interoperability. Canton’s architecture is designed to let institutions settle tokenized assets and stablecoins while maintaining privacy and control, which is a key requirement for regulated financial activity.