According to CoinMeta, World Liberty Financial has announced the launch of a $4.05 billion USD1 stablecoin on the Canton network, providing institutions with dollar-based settlement assets for tokenized securities and other real assets. USD1 is now directly issued on Canton, allowing institutions to exchange USD1 and tokenized assets in the same transaction, thereby reducing settlement risks. The Canton system synchronizes the transfer of cash and assets to ensure simultaneous settlement, and applies privacy and permission controls to meet compliance requirements. World Liberty indicates that USD1 can be used as collateral for derivatives and loans, funding asset issuance, handling redemptions, and cross-border payments. USD1 can be exchanged one-to-one for dollars, with reserves including U.S. dollar deposits and U.S. government money market funds. Canton processes over $9 trillion in tokenized assets each month, and the market value of USD1 has reached approximately $4.05 billion, making it the sixth largest dollar-pegged stablecoin.