WSPN and Conflux reach cooperation to jointly promote the development of the global stablecoin ecosystem

WSPN is very pleased to announce a strategic partnership with Conflux, a high-performance public chain, and the two parties will work together to promote the development of the global stablecoin ecosystem.

In this cooperation, WSPN's flagship stablecoin product WUSD will be launched in the Conflux ecosystem, which means that both parties have taken a very important step in the field of decentralized finance. WUSD is a stablecoin that is 1:1 anchored to the US dollar and designed for global payments and all-weather financial markets. In the cooperation with Conflux, users will not only have the opportunity to enjoy higher staking rewards, but also be able to participate in the growing DeFi ecosystem of both parties, obtain stable returns, and witness the continuous innovation and growth of the digital financial field.

The specific cooperation between WSPN and Conflux will include:

1. Expanding the multi-chain ecosystem and focusing on the global market

WSPN is committed to providing a convenient payment experience worldwide, and Conflux's high performance and low transaction costs are its key advantages. This cooperation will expand the multi-chain ecosystem of WSPN, making WUSD more accessible and convenient for users with different preferences. Conflux's technical strength will effectively support the global circulation of WUSD and promote its widespread adoption. Both parties will work together to attract more users to join the WSPN and Conflux ecosystems.

2. Cooperate with mainstream exchanges to improve liquidity

In order to improve the liquidity of WUSD, we are actively cooperating with mainstream exchanges such as Bitget to increase the CFX/WUSD trading pair, and open the deposit and withdrawal function of WUSD on the Conflux espace network. This move will bring users a more convenient trading experience, lower the operating threshold, and further consolidate the ecological connection between WUSD and Conflux. Cooperation with mainstream exchanges will not only expand the market trading volume of WUSD, significantly reduce on-chain transaction costs, and increase on-chain transfer speeds, but will also significantly enhance the influence of CFX and WUSD on mainstream exchanges.

3. Increase the use scenarios of WUSD on the chain

Expanding the actual application scenarios of stablecoin products has always been the core pursuit of WSPN. Through cooperation with Conflux, WUSD will be widely used in various decentralized application scenarios of the Conflux ecosystem, including transactions, lending, cross-border payments and other fields. The expansion of these new scenarios will not only effectively increase the demand for WUSD, but also provide users with more opportunities to participate in the WUSD ecosystem and gain benefits. The improvement of WUSD market activity and liquidity will benefit all WUSD users.

Summary

The cooperation between WSPN and Conflux on the WUSD stablecoin business is an important milestone in our move towards globalization and multi-chain. We look forward to further promoting the development of WUSD in the Conflux ecosystem through this strategic cooperation, making it a digital product with high liquidity and rich use scenarios. In the future, we will continue to work closely with related projects and communities to explore more innovative applications and promote the continued prosperity and growth of the entire ecosystem.

About Conflux

Founded in 2018, Conflux is a scientific research technology company focusing on the development of blockchain underlying technology facilities. The Conflux public chain independently developed by the team achieves high tps without sacrificing security. It has been running stably for nearly 4 years, with a cumulative transaction volume of over 160 million times on the chain, 250+ Web3-related ecological layouts, and 1,000+ brand/IP cooperation. It is the only public chain in China that ranks among the world's first echelon and leads the world in performance.

For more information, please click https://confluxnetwork.org

About WPSN

WSPN (Worldwide Stablecoin Payment Network) is committed to creating safer, more efficient and transparent payment solutions for the global economy and is a leading provider of next-generation stablecoin infrastructure. Its flagship product, the WUSD stablecoin, is pegged 1:1 to the US dollar and is designed to optimize secure and compliant digital payments for Web3 users. WSPN's "Stablecoin 2.0" (a next-generation technology solution designed to enhance the functionality and experience of stablecoins) prioritizes user-centricity, community governance and accessibility, paving the way for widespread adoption of stablecoins.