Summary
- World Liberty Financial said it will deploy the stablecoin USD1 on the Canton network.
- It said USD1 will expand its use within a regulatory-friendly and interoperable institutional finance ecosystem.
- The Canton network supports payment and settlement of tokenized assets and stablecoins, and it said institutions can safely benefit from blockchain efficiency.
World Liberty Financial (WLFI) announced on the 16th that it will deploy the stablecoin (a virtual asset pegged to fiat currency) USD1 on the Canton network.
WLFI plans to introduce USD1 to the Canton network to expand its use within a regulatory-friendly and interoperable institutional finance ecosystem. Canton is a network that combines privacy and regulatory compliance, and it supports payment and settlement of tokenized assets and stablecoins.
Jack Forkman, WLFI co-founder and chief operating officer (COO), said, "Regulators and global asset managers want a trusted digital dollar," adding, "Canton provides a foundation where institutions can safely maintain privacy while leveraging blockchain efficiency."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
