TORTOLA, British Virgin Islands, July 22, 2024 /PRNewswire/ --
Worldwide Stablecoin Payment Network (WSPN), a global
digital payments leader, and HELIX, a leading Real World Asset
(RWA) DeFi protocol, are excited to announce their
partnership to explore a fiat-collateralized
stablecoin backed by RWA assets. WSPN, known for its
innovative digital payment solutions, is the issuer of Worldwide
USD (WUSD), a fiat-collateralized stablecoin pegged
1:1 against the US dollar.
This partnership integrates TradFi with DeFi,
offering a robust and secure investment backed by real-world
assets. The fiat-collateralized stablecoin will
leverage HELIX's RWA expertise and WSPN's cutting-edge
stablecoin infrastructure to provide transparent, fast
and efficient digital payment solutions.
The market for RWA tokenization has been experiencing
significant growth. As of July 2024,
the total RWA on-chain sits around USD 12.9
billion, according to RWA.xyz. This growth is fueled by the
increasing integration of blockchain technology into traditional
finance, enabling greater liquidity, transferability, and
efficiency in asset management. Major financial institutions such
as BlackRock and Franklin Templeton
have recognized the potential of RWAs, with BlackRock launching a
tokenized treasury fund, BUIDL, which has USD 500 million in assets under management,
according to DefiLlama.
As part of this collaboration between WSPN and HELIX, HELIX will
adopt WUSD as a transaction medium for its liquidity providers.
Supported by HELIX's great track record of private credit loans,
WUSD is positioned as a robust RWA option within the
stablecoin market. Additionally, HELIX's
institutional-grade platform reinforces WSPN's commitment to
offering institutional-scale digital payment solutions. WSPN and
HELIX will also be looking to promote financial inclusion through
WUSD for underserved communities in the emerging markets.
"WUSD represents the next generation of stablecoins, offering
faster, cheaper, and more secure transactions compared to existing
options. At WSPN, our primary goal is to enhance the accessibility
and use cases of WUSD. Our partnership with HELIX is a significant
step toward achieving this, as it allows us to expand financial
inclusivity in underserved regions of ASEAN," said Raymond Yuan, Founder of WSPN.
Jitendra Singh Jaitawat, Co-Founder & CEO of HELIX, said,
"At HELIX, our mission is to leverage data-driven risk management
to connect on-chain investors with sustainable and uncorrelated
real-world yields. We are excited to partner with WSPN, who shares
our vision of building institutional infrastructure to integrate
the DeFi and TradFi ecosystems and enable financial
inclusion at scale"
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About WSPN
WSPN is a global digital payments company that provides
transparent, fast, and efficient digital payment solutions
leveraging the latest technological advancements of Distributed
Ledger Technology ("DLT"). We are dedicated to shaping seamless
digital payment solutions for our global partners worldwide at the
frontier of future digital payments and financial inclusion.
Worldwide USD ('WUSD'), WSPN's flagship USD
stablecoin, is a fiat-collateralized
stablecoin that is pegged to the U.S. Dollar at a 1:1
ratio. Dedicated to optimizing payment solutions for web3 industry
enterprise users, WUSD empowers the real economy through secure,
compliant digital payments, spanning stablecoins, exchanges and
cards, all geared for global expansion.
Learn more: www.wspn.io | Twitter |
LinkedIn
About HELIX
HELIX is the first Real World Asset (RWA) DeFi
protocol leveraging proprietary Big-Data Credit Analytics
technology to tokenize emerging markets private credit. Winner of
the 2023 Tokenized Debt & Digitized Securities Award, HELIX
aims to aggregate a diverse range of real-world assets, including
private credit, to provide on-chain investors with access to
sustainable yields that are uncorrelated to the broader
DeFi markets.
Learn more: www.helixfinance.io
| Twitter | LinkedIn
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SOURCE WSPN