SINGAPORE, Sept. 27,
2024 /PRNewswire/ --
Worldwide Stablecoin Payment Network (WSPN) is
excited to announce a groundbreaking partnership with Conflux, a
leading high-performance public blockchain. This collaboration will
see WSPN's flagship stablecoin product, WUSD, on the
Conflux blockchain, marking a significant milestone in both
companies' efforts to advance the DeFi space. WUSD is
a stablecoin designed for worldwide payments and
round-the-clock financial markets, always redeemable 1:1 for US
dollars. Through this collaboration, users will not only enjoy
higher staking rewards but also have the opportunity to participate
in the growing DeFi ecosystem, offering stable returns
while being part of the evolving financial landscape.
Key aspects of this partnership include:
1. Expanding Multi-Chain Ecosystem Globally
WSPN, committed to providing convenient payment experiences
worldwide, recognizes Conflux's high performance and low
transaction costs as key advantages. This collaboration will expand
WSPN's multi-chain ecosystem, making WUSD more accessible to users
with diverse preferences. Conflux's technological strengths will
effectively support WUSD's global circulation, promoting broader
adoption while attracting more users to the Conflux ecosystem.
2. Enhancing Liquidity with CFX/WUSD Trading Pair
To boost WUSD's liquidity, WSPN is partnering with major
exchanges like Bitget to introduce the CFX/WUSD trading pair and
enable deposit and withdrawal functions on the Conflux eSpace
network. This initiative aims to provide a smoother trading
experience, lower entry barriers, and strengthen the ties between
WUSD and the Conflux ecosystem. It's expected to increase WUSD's
market trading volume, significantly reduce on-chain costs, and
improve transaction speeds, while also enhancing its visibility on
major exchanges.
3. Expanding On-Chain Use Cases for WUSD
The partnership will create more on-chain use cases for WUSD,
further driving its issuance and trading volume. WUSD will be
integrated across various DApps within the Conflux
ecosystem, including trading, payments, lending, and cross-border
transactions. These new applications will boost demand for WUSD and
offer users more opportunities to engage with the WUSD ecosystem,
enhancing market activity and liquidity.
Conclusion
This strategic alliance between WSPN and Conflux around the WUSD
stablecoin marks a pivotal moment in the journey
towards a more inclusive and efficient global financial system.
Both parties are committed to working closely with the community to
explore innovative applications and drive the sustained growth of
the entire ecosystem. As we move forward, users can expect to see a
series of new features, improved accessibility, and enhanced
financial opportunities emerging from this collaboration.
About Conflux
Conflux Network is a permissionless Layer 1 blockchain that
connects decentralized economies worldwide. It
utilizes a hybrid PoW/PoS consensus mechanism, ensuring a fast,
secure, and scalable blockchain environment. Conflux operates
without congestion, maintains low fees, and prioritizes network
security. Being the leading regulatory-compliant public blockchain
in China, Conflux offers
advantages for projects entering the Asian market. In its
partnerships, Conflux collaborates with global brands and
government entities including, Shanghai government, China Telecom, Little Red
Book (China's Instagram),
McDonald's China, and Oreo. These
noteworthy collaborations serve as a testament to Conflux's
unwavering dedication to driving blockchain and metaverse
initiatives.
Learn more at https://confluxnetwork.org
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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SOURCE WSPN