USD1 Stablecoin Deployed Natively on Canton Network Ahead of DTC Launch

World Liberty Financial (WLFI), the Trump-affiliated blockchain firm, has begun deploying its USD1 stablecoin natively on the Canton Network, where it now holds the title of the network’s largest native stablecoin by issuance. USD1 carries a market capitalisation of four billion dollars and is currently issued by BitGo, though an affiliated entity, World Liberty Trust Company, has received preliminary conditional approval from the Office of the Comptroller of the Currency (OCC) for a national trust charter, which would eventually allow WLFI to self-issue the token.

The timing is notable because the Depository Trust Company’s (DTC’s) tokenisation service is preparing to go live in October, with Canton and a private DTCC Besu network as its two supporting blockchains. That launch is generating real demand for credible on-chain settlement instruments on Canton, and the arrival of a natively issued, large-cap stablecoin addresses a gap the network has been working to close through trials with various tokenised deposit solutions.

Other stablecoins are already present on Canton, but the comparison is instructive. Circle‘s USDC is available through the Circle Reserve protocol rather than as a native issuance, a structure that may introduce an additional layer of perceived risk for traditional financial institutions even if it is standard practice in crypto markets. The previous claimant to the title of Canton’s largest native stablecoin was Brale’s USDA, which had just four million dollars in issuance; Brale’s core business is providing stablecoin infrastructure to third parties, and Visa recently trialled its solution on Canton. USD1’s four-billion-dollar market cap dwarfs that figure, making its native deployment a material shift in Canton’s settlement landscape ahead of the DTC launch.