WSPN Raises $30M to Build Next-Generation Stablecoin Infrastructure

WSPN (Worldwide Stablecoin Payment Network), a provider of next-generation stablecoin infrastructure, has raised $30 million in seed funding round.

Worldwide Stablecoin Payment Network (WSPN), a company providing next-generation stablecoin infrastructure, has recently closed a $30 million seed funding round.

The 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 investment companies, exchanges and foundations.

WSPN is building a team of seasoned professionals with experience at industry leaders such as CTH, Paxos, and Visa, bringing decades of combined expertise in payments and stablecoin operations.

The company is also garnering support from over 30 exchanges, more than 10 major wallets, and dozens of prominent payment institutions and market makers, enabling them to confidently build a truly global digital payment network.

WSPN is working towards establishing a global framework and a new digital payment ecosystem to create a more secure, efficient, and transparent payment solution.

They are also committed to providing users with a superior stablecoin experience, powered by its groundbreaking “Stablecoin 2.0” approach, setting the new standard for the next generation of stablecoins.

WSPN is supporting the concept of Stablecoin 2.0, which goes beyond creating a stable digital currency and aims to design and develop infrastructure that embodies the essence of Web3, enhancing the robustness and transparency of stablecoin systems.

Here’s how WSPN is building Stablecoin 2.0:

Raymond Yuan, Founder and CEO of WSPN, had this to say:

“This substantial capital injection will significantly accelerate our efforts to bring about the next generation of stablecoin infrastructure. 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.”

As noted in the update, WSPN is a 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.

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