According to Foresight News, WSPN, a company specializing in Stablecoin 2.0 infrastructure, has successfully raised $30 million in a seed funding round. The round was led by Foresight Ventures and Folius Ventures, with participation from Hash Global, Generative Ventures, Yunqi Partners, and RedPoint China.
WSPN, which stands for Worldwide Stablecoin Payment Network, aims to provide a more secure, efficient, and transparent payment solution by establishing a global compliance system and a new payment ecosystem. The company includes key members from CTH, Paxos, and Visa, bringing over a decade of experience in payment and stablecoin operations. Currently, WSPN holds compliance licenses in several major countries and has garnered support from over 30 exchanges, more than 10 mainstream wallets, and numerous large payment institutions and market makers.