On October 24, 2025, the Worldwide Stablecoin Payment Network (WSPN) officially launched WSPN Checkout, a product designed to embed stablecoin technology directly into e-commerce payment processing. This initiative provides a standardized path for online merchants to accept and settle payments using major stablecoins in real time, addressing long-standing issues in cross-border transactions.
The platform supports leading stablecoins including WUSD, USDT (Tether), and USDC (USD Coin) across multiple blockchain networks such as Ethereum, Solana, TRON, and Binance Smart Chain (BSC). By partnering with licensed payment service providers, WSPN Checkout offers flexible settlement options and can be integrated within seven business days, enabling merchants to bypass traditional delays and high fees.
Raymond Yuan, Founder and CEO of WSPN, highlighted the strategic move: "WSPN Checkout represents our commitment to productizing stablecoins for standardized scenarios. Merchants gain instant settlement and flexibility, all within a compliant framework designed for scale. This is how stablecoins transition from innovation to infrastructure."
Traditional e-commerce payment solutions often involve settlement times of 3 to 7 business days and transaction fees ranging from 3% to 7%, which strain cash flow and erode margins. WSPN Checkout leverages stablecoin rails to deliver real-time settlement, significantly reduced costs, and programmable payment flows, repositioning stablecoins from speculative assets to practical tools for business treasury management.
This launch is part of WSPN's broader vision to standardize stablecoins across global commerce, with plans to extend the technology to supply chain financing, treasury management, and international payroll. The company raised US$30 million in an August 2024 seed round led by Foresight Venture and Folius Ventures, with participation from Generative Ventures and Yunqi Partners, and is backed by Hash Global, RedPoint China, and 30 crypto exchanges. Adding credibility, John Partridge, former President of Visa Inc., joined WSPN's board of directors.
The stablecoin market is experiencing rapid growth, with a recent Andreessen Horowitz report revealing that stablecoins have processed $46 trillion in annual transaction volume, surpassing legacy networks like PayPal and Visa. Tether's USDT alone facilitates transactions for over 500 million users worldwide, highlighting the sector's expanding adoption.
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