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WSPN and dtcpay jointly launch WUSD zero fee deposit service
WSPN (Worldwide Stablecoin Payment Network), the next-generation infrastructure provider for stablecoins, recently announced a strategic partnership with dtcpay, a well-known regulated digital payment platform. This marks the industry's first zero-fee deposit of WUSD (a Fiat Currency collateralized stablecoin pegged to the US dollar) through the dtcpay platform, indicating a significant breakthrough in digital asset accessibility and affordability.
This initiative is expected to bring new development opportunities to the Stable Coin market, lowering its barriers to entry and providing new choices for individuals and businesses worldwide. The partnership between WSPN and dtcpay aims to provide a more inclusive and cost-effective Stable Coin solution, making WUSD a cross-border and easily accessible Digital Money. By waiving the deposit fee, this collaboration is expected to save users significant Transaction Cost.
The WUSD plan is to gradually promote in multiple merchants supported by dtcpay. Among them, 35A Scotts Whisky Club, as well as top hotels in Singapore and Maldives under the Capella Group, will be the first to accept WUSD payment, demonstrating the practical application potential of WUSD in high-end hotels and the tourism industry.
WSPN founder and CEO Raymond Yuan said, "The zero-fee deposit service for WUSD launched in cooperation with dtcpay is an important milestone for Stable Coin 2.0. This collaboration aims to make digital assets more accessible to the public and is expected to accelerate the adoption of stable coins globally. WSPN looks forward to participating in this financial innovation and exploring the future of borderless transactions together."
Anson Zeall, Chief Strategy Officer and Compliance Officer of dtcpay, said, "Collaborating with WSPN to provide zero-cost deposit service for WUSD is an important step towards making digital assets more accessible and affordable. dtcpay is pleased to be part of this innovation, moving towards a more inclusive financial future, breaking barriers, and creating new opportunities."
By waiving the WUSD deposit fee, WSPN and dtcpay are promoting the popularization of stablecoins, driving wider adoption, and paving the way for a more efficient, transparent, and fair financial system worldwide.