SINGAPORE, Aug. 16, 2024 /PRNewswire/ -- WSPN (Worldwide
Stablecoin Payment Network), a leading provider of next-generation
stablecoin infrastructure, has raised US$30
million in Seed funding round. This round was led by Folius
Ventures and Foresight Venture, with participation from prominent
investors including Hash Global, Generative Ventures, RedPoint
Capital, and a consortium of top-tier investment companies,
exchanges and foundations.
WSPN distinguishes itself through its team of seasoned
professionals with experience at industry leaders such as CTH,
Paxos, and Visa (NYSE: V), bringing decades of combined expertise
in payments and stablecoin operations. Further solidifying its
position, WSPN has garnered support from over 30 exchanges, more
than 10 major wallets, and dozens of prominent payment institutions
and market makers. This robust foundation enables WSPN to
confidently build a truly global digital payment network.
WSPN is building a more secure, efficient, and transparent
payment solution by working towards establishing a global framework
and a new digital payment ecosystem. The company is committed to
providing users with a superior stablecoin experience, powered by
its groundbreaking "Stablecoin 2.0" approach.
Introducing Stablecoin 2.0
WSPN is pioneering the concept of Stablecoin 2.0, setting the
new standard for the next generation of stablecoins. The Company's
mission extends beyond creating a stable digital currency; it aims
to design and develop infrastructure that embodies the essence of
Web3, with a focus on enhancing the robustness and transparency of
stablecoin systems.
Here's how WSPN is building Stablecoin 2.0:
- User-Centric Value Distribution: WSPN plans to introduce its
own governance token, allowing users to share in the ecosystem's
long-term value and have a direct influence on its development
trajectory, embodying the "From the People, For the People"
principle.
- Community-Driven Governance: WSPN will adopt on-chain voting,
empowering token holders to participate in key decision-making
processes. This ensures the ecosystem remains transparent,
accountable, and responsive to its users, with decisions and asset
verifications transparently recorded on the blockchain.
- Enhanced Accessibility and Payment System Upgrade: WSPN aims to
streamline user interfaces and reduce entry barriers, making
stablecoin usage more accessible to both individuals and
institutions. This approach not only drives mainstream adoption but
also seeks to upgrade existing electronic payment and settlement
systems.
- Comprehensive Value Ecosystem: WSPN is committed to develop a
wide range of products and use cases, from asset management to
everyday transactions, unlocking the full potential of stablecoins
for users globally.
"This substantial capital injection will significantly
accelerate our efforts to bring about the next generation of
stablecoin infrastructure," said Raymond
Yuan, Founder and CEO of WSPN. "We are excited to
collaborate with our esteemed investors to build a more robust,
transparent, and user-centric stablecoin ecosystem that can power
the future of finance."
About WSPN
WSPN is a leading provider of next-generation stablecoin
infrastructure, committed to building a more secure, efficient, and
transparent payment solution for the global economy. Their flagship
product, WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims
to optimize secure and licensed digital payments for Web3
users. WSPN 's Stablecoin 2.0 approach prioritizes
user-centricity, community governance, and accessibility, paving
the way for widespread stablecoin adoption.
Learn more: www.wspn.io | X | LinkedIn
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