Canton Network recently announced a noteworthy move — the introduction of the USD1 stablecoin, with the project backed by World Liberty Financial (WLFI). The significance of this partnership lies in expanding USD1's influence in the institutional-grade on-chain financial sector.

Specifically, after launching on Canton Network, USD1 will primarily serve several roles: first, as collateral for derivatives and institutional loans; second, to support instant cross-border payments and 24/7 settlement; third, for on-chain asset issuance, financing, and redemption activities. In simple terms, it aims to connect all aspects of institutional investors' on-chain financial operations.

This move by World Liberty Financial reflects the application prospects of stablecoins in regulated markets worldwide. As more institutional participants enter the space, stablecoins like USD1 require broader ecosystem support, and Canton Network's choice precisely fills this need. For those tracking the development of the stablecoin ecosystem, this is a promising signal.