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Worldwide USD

Worldwide USD

wusd

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Worldwide USD (WUSD) is a pioneering fiat-collateralized stablecoin developed by WSPN (Worldwide Stablecoin Payment Network), engineered to redefine the digital payments landscape. Pegged 1:1 to the U...Read More

Market Cap

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24h Trading Vol

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All Time High

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Total Supply

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Max Supply

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Circulating Supply

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Categories

Stablecoins

Chains

Ethereum logoEthereum

Contracts

Chain Icon0x7cd0...8c41

Where to Buy:

MEXC
Gate
BitMart
Bitget
Curve (Ethereum)

FAQs

What is Worldwide USD and how does it work?

Worldwide USD (WUSD) is a fiat-collateralized stablecoin introduced by WSPN (Worldwide Stablecoin Payment Network), precisely pegged 1:1 to the US Dollar. It operates on blockchain technology to facilitate secure, fast, and efficient digital payment solutions globally. WUSD maintains its value by being fully backed by high-quality liquid assets, including cash and short-term treasury bills. Its robust proof of reserves process involves publishing bank balances and undergoing periodic third-party audits, ensuring transparency and solvency for this crucial digital asset.

What problem does Worldwide USD solve?

Worldwide USD (WUSD) addresses critical challenges in the digital payments and crypto finance sectors. It aims to establish a secure and efficient payment infrastructure using advanced blockchain technologies, vital for the future of digital finance. WSPN’s "Stablecoin 2.0" initiative enhances stability, efficiency, and inclusivity in global digital payments, fostering broader financial inclusion. Furthermore, the project resolves the issue of idle crypto assets by offering attractive incentive opportunities for liquidity provision and staking, ensuring user assets generate returns within the ecosystem.

What are the main use cases for WUSD token?

The WUSD token is engineered for versatile integration across diverse real-life payment scenarios and digital finance applications. As a borderless digital payment solution, it enables swift, secure, and cost-effective international money transfers. Primary use cases for Worldwide USD include facilitating cross-border payments, underpinning transactions within Web3 and digital asset markets, enabling seamless in-game purchases and transfers in gaming and metaverse environments, and providing customizable digital payment systems for merchants. Future applications also extend to commodities trading and the tokenization of real-world assets.

How does WUSD ensure 1:1 dollar backing with real-time verification?

WUSD implements a three-tier verification system: 1) Fiat reserves held in segregated Basel III-compliant bank accounts, 2) Regular third-party proof-of-reserve audits, 3) On-chain supply transparency via the ERC-20 contract's immutable `totalSupply()` function, enabling anyone to verify circulating supply against reserve reports.

What technical advantages does WUSD offer over other stablecoins for developers?

Key developer advantages include: 1) Identical ERC-20 contracts across Ethereum/Polygon enabling uniform integration, 2) Testnet deployments with zero-value tokens mirroring mainnet functionality, 3) Automated deposit address generation APIs, 4) Webhook notifications for blockchain confirmations, 5) Whitelist management at protocol level for compliance needs.

Can WUSD be integrated into private enterprise blockchain solutions?

Currently, WUSD operates exclusively on public Ethereum and Polygon mainnets. The technical documentation indicates no support for private chains or permissioned ledgers. However, the roadmap includes exploring interoperability protocols that could enable cross-network transfers to enterprise chains in future development phases.

What happens to WUSD tokens during blockchain upgrades or forks?

The ERC-20 contract includes upgradability mechanisms managed by WSPN. During chain upgrades: 1) Tokens remain backward-compatible with pre-fork chains, 2) WSPN deploys new contracts on updated networks if necessary, 3) Users receive migration instructions through official channels. Token redundancy exists across multiple chains to mitigate single-chain disruption risks.

How does the project address regulatory requirements across different jurisdictions?

WSPN employs a multi-layered compliance approach: 1) Active licensing (MSB, VASP, MPI applications); 2) Reserve allocation adhering to jurisdictional requirements; 3) Smart contract-level address controls; 4) Regulatory division of reserves; 5) Full transactional history preserved on-chain for audit purposes. The team maintains real-time monitoring of 40+ regulatory frameworks.

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