TechFlow reported on September 4 that the stablecoin infrastructure provider WSPN (Worldwide Stablecoin Payment Network) appointed former Visa President John Partridge to join the board of directors. John Partridge served as Visa President from 2009 to 2013. During his tenure, Visa completed a $19 billion IPO in 2008, setting a record for the largest IPO in the United States at the time. Partridge's joining brings valuable fintech experience and industry influence to WSPN.

Earlier news, WSPN announced the completion of a US$30 million seed round of financing. This round of financing was led by Foresight Venture and Folius Ventures, and participated by many well-known investment institutions, exchanges and foundations such as Hash Global, Generative Ventures, Yunqi Capital, and Redpoint China.

Raymond Yuan, WSPN founder and CEO, said: "This round of financing and John's joining is a turning point for WSPN. With this funding and John's deep expertise in global payments, we will accelerate the development of stablecoin 2.0 infrastructure and bring innovative, user-centric payment solutions to the market."