Stablecoin

Boost

Worldwide USD

Viction

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 Worldwide Stablecoin Payment Network (WSPN) has<a href="https://www.wspn.io/news_detail.html?id=29" rel="noopener noreferrer nofollow"> announced</a> a strategic partnership with Viction, a global Layer-1 blockchain project, and crypto exchange Ninety-Eight (formerly known as Coin98), to drive the adoption of its Worldwide USD (WUSD) stablecoin, particularly in emerging markets.
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In its announcement, WSPN noted that this partnership aims to elevate the visibility of Viction’s technology while simultaneously supporting the growth of WUSD, leveraging Ninety Eight’s established network.
WUSD is a stablecoin pegged to the US dollar, and it is gaining popularity as more users and developers seek out stablecoins for secure and reliable transactions. According to<a style="color: #0000ff;" href="https://coinmarketcap.com/currencies/worldwide-usd/" rel="noopener noreferrer nofollow"> data from CoinMarketCap</a>, WUSD has a market capitalization of over $99.98 million and a 24-hour transaction volume of $379.43 thousand.
Under the terms of the partnership, WSPN will oversee WUSD’s deployment on the Viction blockchain, enhancing its integration across various Web3 applications and improving liquidity. Viction and NinetyEight will also implement local adoption strategies through partnerships and community outreach initiatives in Vietnam.
Meanwhile, the network also revealed that plans are underway to list WUSD on major centralized exchanges. It added that three companies would execute joint marketing efforts focusing on raising awareness and engaging institutional audiences, driving long-term adoption throughout the region.
This news comes on the heels of recent leadership developments at WSPN. Austin Campbell, a former executive at Paxos, was recently<a href="https://www.wspn.io/news_detail.html?id=28" rel="noopener noreferrer nofollow"> appointed</a> as CEO of WSPN US. According to WSPN, Campbell brings a wealth of experience in stablecoin markets and digital asset strategy, having previously managed stable value products at JPMorgan and Citi. Notably, he oversaw reserves and risk for Paxos stablecoins and contributed to the design of PayPal’s PYUSD.
The network also claimed that Campbell’s appointment underscores its commitment to developing first-class financial products and advancing its “Stablecoin 2.0” vision, aimed at delivering faster, cheaper, and safer transactions for all.
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The post <a href="https://defi-planet.com/2024/11/worldwide-stablecoin-payment-network-partners-with-viction-ninetyeight-to-boost-wusd-adoption/" rel="noopener noreferrer nofollow">Worldwide Stablecoin Payment Network Partners with Viction, NinetyEight to Boost WUSD Adoption</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

Worldwide Stablecoin Payment Network Partners with Viction, NinetyEight to Boost WUSD Adoption

DeFi Planet

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