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WSPN and Conflux Unite to Promote WUSD in the DeFi Ecosystem

Oct 1, 2024
  1. Expanding Global Multi-Chain Ecosystem
  2. Enhancing Liquidity with CFX/WUSD Trading Pair
  3. Expanding On-Chain Use Cases for WUSD

WSPN and Conflux have announced a partnership that will integrate WSPN’s flagship stablecoin, WUSD, into the Conflux blockchain. This is a significant step forward in advancing the DeFi space.

Expanding Global Multi-Chain Ecosystem

WSPN, committed to providing convenient payment experiences worldwide, recognizes Conflux’s high performance and low transaction costs as key advantages. This partnership will expand WSPN’s multi-chain ecosystem, making WUSD more accessible to users with diverse preferences. Conflux’s technological strengths will effectively support WUSD’s global circulation, promoting broader adoption while attracting more users to the Conflux ecosystem.

Enhancing Liquidity with CFX/WUSD Trading Pair

To boost WUSD’s liquidity, WSPN is partnering with major exchanges like Bitget to introduce the CFX/WUSD trading pair and enable deposit and withdrawal functions on the Conflux eSpace network. This initiative aims to provide a smoother trading experience, lower entry barriers, and strengthen the ties between WUSD and the Conflux ecosystem. It’s expected to increase WUSD’s market trading volume, significantly reduce on-chain costs, and improve transaction speeds.

Expanding On-Chain Use Cases for WUSD

The partnership will create more on-chain use cases for WUSD, further driving its issuance and trading volume. WUSD will be integrated across various DApps within the Conflux ecosystem, including trading, payments, lending, and cross-border transactions. These new applications will boost demand for WUSD and offer users more opportunities to engage with the WUSD ecosystem, enhancing market activity and liquidity.

The strategic alliance between WSPN and Conflux around the WUSD stablecoin marks a pivotal moment toward a more inclusive and efficient global financial system. Users can look forward to new features, improved accessibility, and enhanced financial opportunities from this collaboration.

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