According to Shenzhen TechFlow news, according to Coindesk, decentralized payment infrastructure provider WSPN launched WUSD, a stable currency pegged to the US dollar.
WUSD created by WSPN is a stablecoin backed by fiat currency and pegged to the U.S. dollar at a ratio of 1:1. WSPN employs a variety of reserve asset holding options to ensure the safety and security of funds, including the use of separate trust structures or custody arrangements, which adds layers of protection and transparency.
Be sure to always come back and check out the latest updates on Crypto, follow us on Facebook @CryptoTikTalk, Twitter @CryptoTikTalk, and our Forum to discuss more exciting topics.
