Worldwide Stablecoin Payment Network (WSPN), which is leading the way in creating infrastructure for the next-gen stablecoins, or ‘Stablecoin 2.0,’ today announced it had raised a $30M seed funding round that will be used to further its product development and scale its network’s go-to-market implementations into finance, retail, social platforms, and other verticals. Foresight Ventures and Folius Ventures led the round, and firms like Hash Global, Generative Ventures, Yunqi Partners, and RedPoint China joined.
The investment strongly endorses WSPN’s vision to build an even more secure, efficient, and transparent global payment solution. As demand for stablecoins continues to increase, WSPN is leading the way by providing and implementing a seamless global compliance system and next-generation payment infrastructure.
WSPN aims to shroud the digital payment field by utilizing stablecoins, stability, and advanced features with infrastructure processes that comply with regulatory standards. While all that is well and good, WSPN differentiates itself as initially designed to be a highly compliant payment network. Although requiring such transparency is secure, it also encourages trust between users and regulators. WSPN has already positioned itself to tackle this issue, with compliance licenses in many big countries that are all set for global use.
WSPN Executive TeamThe WSPN leadership team consists of professionals from major players in the payment and stablecoin industries, such as CTH, Paxos, and Visa. The combined experience of these minds is crucial in propelling the company forward to achieve its ambitious targets.
In addition, WSPN has received extensive industry support and is supported by more than 30 exchanges, over ten main wallets of mainstream wallets, and many well-known payment institutions and market makers. These partnerships are key to driving the deployment of WSPN’s platform and increasing its exposure in various markets.
Having successfully closed its seed funding round, WSPN is in pole position to spearhead the second wave of stablecoin innovation. The $30 million investment will go towards scaling the company’s infrastructure, increasing compliance capabilities, and starting partnerships throughout the globe.
As the world moves towards digital currencies and decentralized finance, WSPN’s robust stablecoin payment network should be able to change the game for everyone. With ground-breaking technology integrated into a regulatory-friendly ecosystem, WSPN is positioned to lead a new era for digital payments.