Worldwide Stablecoin Payment Network (WSPN) and HELIX have joined forces to create a fiat-collateralized stablecoin backed by Real World Assets (RWA). This partnership combines traditional finance with decentralized finance, offering a secure investment opportunity supported by real-world assets. The stablecoin will leverage HELIX’s expertise in RWAs and WSPN’s advanced infrastructure to provide efficient digital payment solutions.
The RWA tokenization market has been growing rapidly, with total on-chain RWA reaching around USD 12.9 billion as of July 2024. This growth is driven by the integration of blockchain technology into traditional finance, enabling more liquidity, transferability, and efficiency in asset management. Major institutions like BlackRock and Franklin Templeton have already entered the space, with BlackRock managing a tokenized treasury fund, BUIDL, with USD 500 million in assets.
As part of the partnership, HELIX will adopt WSPN’s Worldwide USD (WUSD) as a transaction medium for its liquidity providers. WUSD, which offers faster and more secure transactions compared to existing stablecoins, will be a solid option within the stablecoin market. Additionally, HELIX’s institutional-grade platform will support WSPN’s goal of providing institutional-scale digital payment solutions. The collaboration aims to promote financial inclusion through WUSD in underserved markets.
Raymond Yuan, Founder of WSPN, highlighted the benefits of WUSD, stating that it offers faster, cheaper, and more secure transactions and aims to enhance global financial inclusivity. Jitendra Singh Jaitawat, Co-Founder & CEO of HELIX, expressed excitement about the partnership and the shared vision of integrating DeFi and TradFi ecosystems for widespread financial inclusion.
WSPN is a global digital payments company dedicated to providing efficient and transparent payment solutions using Distributed Ledger Technology (DLT). Their flagship stablecoin, WUSD, is pegged to the U.S. Dollar and aims to optimize payment solutions for enterprise users in the web3 industry. HELIX, on the other hand, is the first RWA DeFi protocol utilizing Big-Data Credit Analytics technology to tokenize private credit in emerging markets, offering on-chain investors access to sustainable yields.
For more information about WSPN and HELIX, visit their websites and follow them on social media. This exciting partnership between two innovative companies is set to revolutionize the stablecoin and RWA market, driving financial inclusion and accessibility worldwide.
SOURCE: WSPN
Image: [WSPN Logo]
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