Conflux Integrates with Worldwide Stablecoin Payment Network (WSPN) to Expand the DeFi Market

Recently, Conflux, the blockchain-based platform, has integrated with the Worldwide Stablecoin Payment Network (WSPN). This integration aims to bring WUSD to the Conflux ecosystem and innovate in DeFi.

Conflux, a blockchain-based platform, has recently integrated with the Worldwide Stablecoin Payment Network (WSPN). This integration aims to bring WUSD to the Conflux ecosystem and drive innovation in decentralized finance (DeFi).

"Introducing @WSPNpayment on Conflux blockchain—a leap forward for DeFi!"

Our partnership with Worldwide Stablecoin Payment Network (WSPN) brings WUSD to Conflux blockchain, revolutionizing DeFi.

Get ready for enhanced staking rewards and a gateway to the growing Web3 ecosystem.

Highlighting Conflux's efficiency, unique consensus mechanism, and dual-space structure distinguishes it from other public blockchains. These attributes enable Conflux to provide a distributed platform capable of handling various applications, ranging from banking to gaming, quickly, securely, and at scale.

Combining PoW and PoS, Conflux employs a hybrid consensus mechanism for optimal decentralization, efficiency, and security. This consensus preserves the same level of decentralization as Ethereum and Bitcoin while boasting 3,000 TPS of transaction throughput and sub-1-minute transaction latency, powered by the Proof-of-Work algorithm and the Tree-Graph ledger structure.

Conflux serves as a robust and cohesive platform for diverse applications, handling multiple transactions simultaneously.

About Stablecoin Payment Network (WSPN) to Conflux

Positioned to offer a more secure, efficient, and transparent payment solution for the global economy, Stablecoin Payment Network (WSPN) emerges as a leading provider of next-generation stablecoin infrastructure. Its primary offering, the WUSD stablecoin, is designed to enhance the safety and accessibility of digital payments for users engaging with Web3. Backed 1:1 by the US dollar, WUSD aims to become the stablecoin of choice for global markets.

The broad adoption of stablecoins is realized through Stablecoin Payment Network (WSPN) Stablecoin 2.0, which emphasizes user-centricity, community governance, and accessibility in its approach to stablecoin development.

This collaboration marks a significant step in both companies' respective endeavors to expand the DeFi market. As part of this partnership, WSPN's flagship product, WUSD stablecoin, will be integrated into the Conflux ecosystem.

Designed for use in global payment networks and around-the-clock financial markets, WUSD is a stablecoin that can be seamlessly exchanged for US Dollars at any time. Beyond offering higher staking incentives, users can participate in the growing DeFi ecosystem, which will yield continuous rewards and enable them to adapt to the evolving financial landscape.

Essential Aspects of this Integration

Growth of Global Multi-Chain Ecosystem

Valuing Conflux's high performance and low transaction costs in its pursuit of seamless global payment experiences, WSPN will leverage this partnership to enhance its multi-chain ecosystem and increase WUSD's accessibility to diverse users. Through the integration of Conflux's technology, WSPN aims to drive widespread circulation of WUSD in global markets, boosting its adoption and user growth.

CFX/WUSD Trading Pair Contributes to Liquidity

The CFX/WUSD trading pair and Conflux eSpace deposit and withdrawal functions are being introduced by WSPN and major exchanges like Bitget to increase WUSD liquidity. This project seeks to simplify trade, improve WUSD-Conflux links, and eliminate admittance limits. It should boost WUSD's market trading volume, lower on-chain costs, speed up transactions, and raise its profile on significant exchanges.

Expanding Scales of WUSD On-Chain Applications

This collaboration will amplify the issuing and transaction volume of WUSD through on-chain use cases. Utilizing Conflux DApps, WUSD will be integrated for various applications, including trading, payments, lending, and cross-border activities. These new instruments will increase demand for WUSD and user interaction with the ecosystem, ultimately enhancing market activity and liquidity.

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