Key Highlights
- World Liberty Financial has launched USD1 natively on the Canton Network.
- USD1 can be used for settlement, collateral, and lending involving tokenized assets in Canton.
- Concrete has also launched a USD1-denominated RWA vault for selected credit, payment, and infrastructure strategies.
World Liberty Financial (WLFI) has expanded the availability of its USD1 stablecoin to the Canton Network, adding the dollar-pegged asset to a blockchain focused on tokenized financial markets and institutional applications.
According to a WLFI announcement published August 25, USD1 is now issued natively on Canton and can be used for settlement, collateral, and lending. The integration also supports applications involving tokenized real-world assets (RWAs), cross-border payments, and other financial activities on the network.
The move comes shortly after Concrete launched a USD1 RWA Vault, giving eligible users access to strategies involving private credit, payment liquidity, and digital infrastructure.
USD1 goes live on Canton
USD1 is now natively issued on Canton, giving applications on the network access to a dollar-denominated settlement asset. The stablecoin can be used for transactions involving tokenized securities and other financial assets, as well as potential lending and collateral arrangements.
WLFI Co-Founder and Chief Operating Officer Zak Folkman said the development addresses a gap between tokenized assets and the money used to settle them. He said, “Tokenization has moved faster than the money behind it.”
According to Canton, the network supports more than $9 trillion in tokenized assets each month, although the figure represents activity across the network and does not indicate how much of that activity currently involves USD1.
Concrete adds a USD1 RWA lending use case
The Canton launch follows a separate development involving Concrete, which has introduced a USD1 RWA vault. The vault is designed to deploy USD1 into selected credit, payment, and infrastructure strategies, with participation currently restricted to whitelisted users.
The structure gives USD1 another potential use beyond payments and settlement by connecting the stablecoin with credit markets backed by real-world economic activity. The Concrete vault is not an open product available to all USD1 holders, meaning its early activity should not be interpreted as broad adoption of USD1-based RWA lending.
USD1 has more than $4 billion in circulation
USD1 was launched in March 2025 and has since grown to more than $4 billion in circulation, according to WLFI.
The stablecoin is issued by BitGo Bank & Trust, National Association, with reserves consisting of short-term U.S. Treasurys, U.S. government money market funds, U.S. dollar deposits, and other cash equivalents, according to WLFI.
BitGo is responsible for reserve management as well as USD1 minting and redemption.
The Canton deployment therefore expands the networks where the existing stablecoin can operate rather than introducing a new dollar token.
Canton targets tokenized financial markets
Canton’s role in the development is primarily tied to its focus on financial applications involving tokenized assets. The network uses a privacy-oriented architecture designed to allow participants to share transaction information with relevant counterparties without making all financial activity publicly visible.
That model is particularly relevant for applications involving institutions, where transaction confidentiality can be an important consideration.
Digital Asset Co-Founder and Head of Network Strategy Eric Saraniecki said the addition of USD1 gives institutions another stablecoin option. “Deep, efficient markets need choice on both sides of a transaction.”
Whether that additional choice translates into meaningful USD1 liquidity on Canton will depend on whether financial applications and institutions begin using the asset at scale.
USD1 moves further into credit and RWA markets
The Canton launch and Concrete vault point to a broader shift in how stablecoins are being used within tokenized finance. Rather than functioning only as trading or payment assets, stablecoins are increasingly being incorporated into lending pools, collateral arrangements, and tokenized real-world asset structures.
For USD1, the developments expand its potential use cases across several layers of financial infrastructure. At the same time, the scale of those applications remains unclear. Canton has announced substantial network activity, while Concrete’s USD1 vault is still limited to approved participants.
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