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
Logo -
https://mma.prnewswire.com/media/2429245/WSPN_logo_Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/wspn-and-conflux-forge-strategic-partnership-for-a-brighter-path-in-digital-finance-302260800.html