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WSPN raises $30m to expand stablecoin infrastructure $BTC Stablecoin infrastructure startup WSPN has secured $30 million in a seed round to boost its stablecoin adoption mission. Worldwide Stablecoin Payment Network — also known as WSPN — has attracted $30 million in seed funding to double down on its “Stablecoin 2.0” approach. In an Aug. 16 press release, the firm said the round was led by Foresight Venture and Folius Ventures, with participation from Hash Global, Generative Ventures, Yunqi Partners, and RedPoint China, among others. Founded by former employees of Visa and Paxos, WSPN says it has secured backing from over 30 cryptocurrency exchanges, more than 10 wallets, and a range of payment institutions and market makers, without naming them. The Singapore-based startup also boasts its own stablecoin products like WUSD and WEUR, which are backed by cash, cash equivalents, and short-term treasury bills, according to the project’s official website.