Recent years have seen remarkable progress in unified vision-language models handling both multimodal understanding and generation within a single architecture. While autoregressive VLMs can reason across modalities, they fail to generate high-quality images. In contrast, diffusion models produce photorealistic visuals yet struggle to generate coherent text, making it challenging to develop a single unified model that can seamlessly handle both visual and text generation. Recent advances suggest that language can be effectively embedded within visual representations, allowing models to reason about textual semantics directly from images. To this end, we propose UniCanvas, a first attempt that unifies diffusion models to generate interleaved multimodal contents through text-in-image generation. Diffusion models naturally capture transformations on a shared pixel canvas, which can be viewed as world models of visual change. Instead of producing discrete text tokens, the model learns to represent language as visual patterns inside images, leveraging its inherent multimodal embedding space. This design allows the model to "draw" text naturally within a single pixel canvas during image synthesis, achieving seamless multimodal generation. Experiments demonstrate that UniCanvas improves performance over previous unified models, positioning text-in-image generation with diffusion models as a promising unified multimodal generation paradigm.