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"
****END****
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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