WSPN and dtcpay jointly launch WUSD zero-fee deposit service

WSPN (Worldwide Stablecoin Payment Network), a new generation stablecoin infrastructure provider, and dtcpay, a well-known regulated digital payment platform, recently announced a strategic partnership. This is the first time in the industry that WUSD (a fiat-collateralized stablecoin pegged 1:1 to the US dollar) can be deposited through the dtcpay platform with zero fees, marking an important breakthrough in the accessibility and affordability of digital assets.

This move is expected to bring new development opportunities to the stablecoin market, lower the threshold for its use, and provide new options for individuals and businesses around the world. The cooperation between WSPN and dtcpay aims to provide a more inclusive and cost-effective stablecoin solution, making WUSD a cross-border and easily accessible digital currency. By eliminating the deposit fee, the cooperation is expected to save users considerable transaction costs.

WUSD plans to be gradually promoted in a number of merchants supported by dtcpay. Among them, 35A Scotts Whiskey Club and Capella Group's top hotels in Singapore and Maldives will be the first to accept WUSD payments, demonstrating the practical application potential of WUSD in the high-end hotel and tourism industry.

Raymond Yuan, WSPN founder and CEO, said: "The WUSD zero-fee deposit service launched in cooperation with dtcpay is an important milestone in Stablecoin 2.0. This cooperation aims to make digital assets better for the public and is expected to accelerate the adoption of global stablecoins. WSPN looks forward to participating in this financial innovation and exploring the future of borderless transactions together."

Anson Zeall, dtcpay Chief Strategy Officer and Head of Compliance, said: "Partnering with WSPN to provide WUSD zero-fee deposit services is an important step in making digital assets more accessible and affordable. dtcpay is very happy to be able to participate in this innovation and move towards a more inclusive financial future, working hard to break down barriers and create new opportunities."

By canceling the WUSD deposit fee, WSPN and dtcpay are promoting the popularization of stablecoins, promoting wider adoption, and paving the way for a more efficient, transparent and fair financial system to be built globally.