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Deep Tide TechFlow News, January 20th, according to PRNewswire, the global stablecoin payment network WSPN announced a strategic partnership with licensed payment infrastructure provider HIFI to offer seamless conversion services between stablecoins and fiat currency for institutional clients, used for cross-border payment settlement.
WSPN founder and CEO Raymond Yuan stated that cross-border payments are one of the most compelling use cases for stablecoin infrastructure, but institutional adoption requires trusted licensed partners for fiat conversion. This partnership addresses operational challenges such as the traditional 3-7 day settlement cycle, 3-7% transaction fees, and unpredictable delays in cross-border payments.