Author: Raymond Yuan
SINGAPORE, Aug. 13, 2024 /PRNewswire/ -- Stablecoins have been in existence for over a decade, but their prominence surged after 2017 when governments worldwide started restricting or even shutting down fiat-to-Bitcoin trading channels. Since then, stablecoins have consistently acted as a crucial bridge between fiat currencies and cryptocurrencies. Today, with daily trading volumes approaching $100 billion, stablecoin pairs make up over 80% of the market's activity, far outpacing fiat-to-crypto trading volumes.
As the benefits of stablecoins—like anonymous transfers, low transaction fees, rapid processing, irreversibility, and 24/7 global peer-to-peer transactions—become more widely recognized, these digital assets are increasingly being integrated into everyday payment scenarios, broadening their range of use cases. However, despite these advancements, the stablecoin products available today still face several critical limitations that impede their growth and broader adoption.
The Stablecoin Conundrum: Tackling Key Challenges
WSPN: Crafting Stablecoin 2.0
WSPN (Worldwide Stablecoin Payment Network) is at the forefront of crafting Stablecoin 2.0, setting the standard for the next generation of stablecoins. Our mission is to design and develop infrastructure that embodies the essence of Web3, with a focus on enhancing the robustness and transparency of stablecoin systems. We emphasize user and community engagement, striving to offer a diverse range of products and expand use cases. By integrating stablecoins into more real-world applications, we aim to serve a broader audience and scale to a billion users. Our vision is to revolutionize digital payments, positioning stablecoins as the leading payment method in the future digital economy.
Stablecoin 2.0: A New Era of Globalization Through Digital Technology
Throughout history, technological advancements have continuously expanded our possibilities, revolutionizing international communication and commerce. We are now on the brink of a transformative wave of globalization, propelled by digital innovation. In this evolving landscape, stablecoin 2.0 emerges as a powerful catalyst, ushering in a new era of digital interconnectedness. As we step into this promising future, brimming with limitless potential, stablecoin 2.0 stands at the forefront, guiding us toward a world of unprecedented opportunity and progress.
About WSPN
WSPN is a global digital payments company utilizing Distributed Ledger Technology ("DLT") to provide transparent, fast, and efficient payment solutions. Their flagship product, WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims to optimize secure and licensed digital payments for Web3 users. WUSD is currently available on more than 30 exchanges, including industry leaders such as Bitget and MEXC Global, and across major blockchains including Ethereum, Solana, Polygon, BSC, Arbitrum and Base. This broad accessibility makes WUSD one of the most readily available stablecoins in the market today.
Learn more: www.wspn.io | X | LinkedIn
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Stablecoin 2.0: The Blueprint for Global Digital Economy
KOTA KINABALU, Malaysia, Sept. 21, 2024 /PRNewswire/ -- European Wellness, a global leader in regenerative medicine and integrated healthcare, has inaugurated its latest and most advanced facility, the European Wellness New Premier Center, in Kota Kinabalu, Sabah. This landmark 60,000 square-foot center represents a significant leap forward for healthcare in Sabah and is set to play a crucial role in the global medical wellness tourism sector.
The grand opening ceremony was a notable event, attracting international attention and high-profile attendees. Sabah's Chief Minister YAB Datuk Seri Panglima Haji Hajiji Bin Haji Noor, Sabah State Minister of Finance, YB Datuk Seri Panglima Haji Masidi Manjun, Advisor to the President of the UAE, H.E. Dr. Khalid Abdulla Mubarak Albuainain Almazrouie, and other dignitaries were present to witness the unveiling of this cutting-edge facility. The center, a major investment by EW's founders, Prof. Dato' Sri Dr. Mike Chan and Prof. Dato' Sri Dr. Michelle Wong, is designed to integrate advanced medical science with the healing power of Sabah's natural environment, setting a new benchmark in global healthcare.
Chief Minister Hajiji praised the vision and commitment of the founders, emphasizing how the center will enhance Sabah's healthcare capabilities and position the region as a prominent destination for medical wellness tourism. "This facility is a game-changer for Sabah, combining state-of-the-art medical science with our unique natural environment," said Hajiji. "It not only strengthens our local healthcare sector but also boosts Sabah's standing on the global medical tourism map."
The center's opening is a strategic move that aligns with Sabah's broader goals of becoming a leading hub for advanced healthcare and medical wellness tourism. Sabah's strategic location in Southeast Asia, as part of the BIMP-EAGA and ASEAN regions, provides a significant advantage in attracting international investment and talent. "We are positioning Sabah at the forefront of the global health and wellness revolution," Hajiji added. "This investment reflects our commitment to enhancing life quality and fostering international collaboration in medical innovation."
Dr. Khalid Abdulla Mubarak highlighted the international significance of the European Wellness New Premier Center. "The advancements showcased here are truly groundbreaking," Dr. Khalid remarked. "Prof. Chan's work in targeted organ-specific stem cell therapy represents the future of healthcare set to revolutionize regenerative medicine and significantly improve healthcare outcomes globally."
Dr. Khalid emphasized the importance of making such advanced treatments more accessible. "Currently, stem cell therapy is costly and limited in availability. Expanding access and reducing costs are crucial steps in making these life-changing treatments available to a broader population," he noted. He also recognized Sabah's potential as a global medical wellness tourism destination, praising the combination of high-quality medical facilities and the region's natural beauty.
The center will offer an extensive range of services, including over 60 advanced regenerative medicine and holistic wellness therapies. It features cutting-edge technology and a team of over 300 professionals dedicated to delivering personalized healthcare solutions. This new facility is part of a larger expansion plan that includes the establishment of a biopharmaceutical manufacturing facility in Kota Kinabalu Industrial Park, with an investment of USD 80 million, doubling the workforce and further enhancing Sabah's status in the global healthcare landscape.
The European Wellness New Premier Center stands as a testament to international collaboration and innovation in healthcare. It not only aims to transform healthcare in Sabah but also to set new standards for medical wellness worldwide. EW's dedication to healthcare advancements positions it to transform global medical wellness tourism, ushering in a new health era for Sabah and beyond.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
European Wellness Unveils Premier Medical Wellness Center in Kota Kinabalu, Sabah: A Landmark in Global Healthcare
European Wellness Unveils Premier Medical Wellness Center in Kota Kinabalu, Sabah: A Landmark in Global Healthcare
European Wellness Unveils Premier Medical Wellness Center in Kota Kinabalu, Sabah: A Landmark in Global Healthcare
