PlatON and DCS Innov have formed a strategic alliance to drive interconnectivity between Web2 and Web3 through fully digital public infrastructure, promoting the expansion and acceleration of the utility of DCS payment tokens (DUSD). DCS Innov will curate payment and credit services embedded within PlatON's underlying financial infrastructure technology.
Leveraging PlatON's leading technological position in security, compliance, and operational efficiency, PlatON provides a digital token management system for DCS Card Centre, supporting the launch of the first digital payment token, DUSD, in Singapore. DUSD is also the first stablecoin issued on-chain by a compliant bank in the Asia-Pacific region. Currently, both parties are further deepening their cooperation to embrace a new era of blockchain-driven financial innovation.
In the future, the two parties will innovate payment clearing methods through the establishment of a digital currency ecosystem. By leveraging the synergies of blockchain, smart contracts, and artificial intelligence, they aim to unlock unprecedented possibilities in Web3 finance, creating a more inclusive and vibrant financial ecosystem.
Davin