The Worldwide Stablecoin Payment Network (WSPN) has announced a significant partnership with HIFI, a licensed financial infrastructure provider, aimed at facilitating smooth conversions between stablecoins and fiat currencies for institutional clients engaged in cross-border transactions.
This collaboration is designed to tackle a pressing issue in the realm of global commerce: the need for efficient and compliant management of cross-border liquidity. HIFI”s licensed infrastructure enables WSPN”s institutional clients to access a robust on/off ramp for converting digital assets to fiat and vice versa, significantly reducing the challenges associated with traditional cross-border banking while adhering to regulatory standards.
The integration of WSPN”s advanced stablecoin infrastructure with HIFI”s cross-border payment capabilities allows businesses to utilize stablecoins as a vital medium for international transactions. Institutional clients can easily convert fiat into stablecoins, transfer value almost instantaneously across borders using blockchain technology, and then convert back to local fiat currencies through HIFI”s established payment network. This process alleviates the delays, high costs, and complexities typically associated with traditional correspondent banking systems.
“Cross-border payments represent one of the most compelling applications for stablecoin infrastructure, but for institutional adoption, it is essential to engage with trusted, licensed partners for fiat conversion,” stated Raymond Yuan, Founder and CEO of WSPN. “Our alliance with HIFI equips clients with the regulatory assurance and liquidity access necessary to confidently utilize stablecoins for international settlements.”
Traditional cross-border payment methods often present operational hurdles, with businesses experiencing settlement delays of 3 to 7 days and incurring transaction fees ranging from 3% to 7%. This partnership empowers institutional clients to transfer funds internationally at the speed and transparency afforded by blockchain technology, all while satisfying stringent enterprise compliance requirements.
About WSPN: The Worldwide Stablecoin Payment Network is at the forefront of developing next-generation stablecoin infrastructure, committed to fostering a more secure, efficient, and transparent global payment ecosystem. Its flagship stablecoin, WUSD, is fully backed and pegged 1:1 to the U.S. Dollar, forming the basis for an array of integrated financial solutions that encompass institutional treasury management, programmable payments, and decentralized finance.
About HIFI: HIFI operates as a licensed financial infrastructure platform that links programmable money to the global financial system. By integrating regulated payment rails, banking connections, and on-chain settlement, HIFI facilitates the movement of value across both stablecoins and fiat currencies through a unified, modern interface. HIFI acts as a coordination layer connecting blockchains, banks, and payment networks, enabling money to function more like software.
This partnership between WSPN and HIFI is poised to reshape the landscape of cross-border payments by bringing together the advantages of stablecoins and the efficiency of licensed financial services.
