WSPN and Conflux Join Forces to Launch WUSD Stabelcoin on Conflux
Our partnership with Worldwide Stablecoin Payment Network (WSPN) brings WUSD to the Conflux blockchain, setting a new benchmark in our DeFi journey.
We are excited to announce our partnership with Worldwide Stablecoin Payment Network (WSPN), a leader in next-generation stablecoin infrastructure. This collaboration brings WSPN’s flagship stablecoin, WUSD, to the Conflux blockchain, marking a major milestone in our efforts to advance the DeFi space. Pegged 1:1 to the U.S. Dollar, WUSD optimizes secure and licensed digital payments for Web3 users. This partnership provides users with higher staking rewards and offers an opportunity to participate in the growing DeFi ecosystem, delivering stable returns while engaging with the evolving financial landscape.
Key aspects of this partnership include:
- 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.
The strategic alliance between WSPN and Conflux around the WUSD stablecoin marks a pivotal moment toward a more inclusive and efficient global financial system. We are excited to collaborate closely with the community to explore innovative applications and drive the ecosystem’s growth. Moving forward, users can look forward to new features, improved accessibility, and enhanced financial opportunities from this collaboration.
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
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, the 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.
