Trump-linked USD1 stablecoin expands to Canton institutional network
The USD1 stablecoin, backed by WLFI, a company linked to the family of Donald Trump, has been launched on the Canton Network, granting it access to institutional markets.
The launch of USD1 on Canton Network is being widely promoted as an aggressive expansion, as the move shifts USD1 from traditional retail-focused blockchains to a network purpose-built for regulated institutional financial institutions.
This development follows a major $2 billion investment by Abu Dhabi–based investment firm MGX into Binance, which was fully settled using the USD1 stablecoin. Binance has also introduced USD1 trading pairs with major tokens, including BNB, ETH, and SOL.
Unlike conventional blockchains, Canton features an architecture that allows institutions to settle tokenized assets and stablecoins with built-in privacy, control, and regulatory compliance. This makes the network suitable for a wide range of high-value financial use cases.
These include collateral for derivatives and institutional lending, instant cross-border payments with 24/7 settlement, on-chain issuance, financing, and redemption of assets, as well as compliant blockchain-based financing between institutions and markets.
“Institutions worldwide, from sovereign entities to global asset managers, are seeking a trusted digital U.S. dollar. Canton’s institutional infrastructure provides the ideal foundation for real-world digital dollar settlement,” said Zach Folkman, co-founder and chief operating officer of World Liberty Financial.
Stablecoins compete for institutional adoption
According to Melvis Langinto, executive director of the Canton Foundation, Canton’s privacy-focused architecture enables stablecoins like USD1 to power next-generation financial applications — from intraday repo transactions to digital bond settlements — without compromising regulatory requirements.
“WLFI’s decision to bring USD1 to Canton highlights the growing demand for compliant and interoperable digital assets in institutional markets,” Langinto stated.
Currently, approximately $2.8 billion worth of USD1 is in circulation, according to DeFiLlama data. The majority of the supply originates from MGX, which earlier this year used USD1 to complete its $2 billion investment in Binance.
As we wrote, Trump-linked stablecoin USD1 faces reporting delays, warns NYDIG
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