WLFI deploys USD1 stablecoin on Canton privacy chain, covering the entire chain for derivatives collateralization, cross-border payments, and asset issuance

【Blockchain Rhythm】A well-known family-backed crypto ecosystem project WLFI recently announced new technological advancements. It is reported that the project will officially deploy the USD1 stablecoin on the privacy blockchain platform Canton Network.

This move appears to be more than just launching a new coin; it is part of a comprehensive application scenario. The USD1 stablecoin will mainly serve three purposes: first, as collateral assets for derivatives trading and institutional loans; second, to support instant cross-border payments and 24/7 continuous settlement; third, for issuance, financing, and redemption processes of on-chain assets.

From an application logic perspective, this plan targets institutional-level needs—whether for trading hedges or international payments, emphasizing efficiency and compliance. Choosing to deploy on a privacy blockchain also reflects the project’s emphasis on user privacy protection. Such stablecoin deployment cases are becoming increasingly common in the industry, marking the gradual improvement of crypto financial infrastructure.