WSPN Partners With HIFI to Streamline Stablecoin–Fiat Conversions for Institutions

Key Takeaways

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  WSPN partnered with licensed payments provider HIFI to enable seamless stablecoin-to-fiat conversion for institutional clients.
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  The integration allows businesses to use stablecoins for faster, lower-cost cross-border settlements while remaining compliant.
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  The partnership targets long settlement times and high fees associated with traditional correspondent banking systems.

Worldwide Stablecoin Payment Network (WSPN) has announced a strategic partnership with licensed payment infrastructure provider HIFI to simplify cross-border stablecoin and fiat conversions for institutional clients. The announcement positions the collaboration as a response to long-standing inefficiencies in global payment settlements.

Unlocking Faster Cross-Border Liquidity

Through the integration, WSPN’s institutional clients gain access to enterprise-grade on- and off-ramps that allow seamless conversion between stablecoins and fiat currencies. By leveraging HIFI’s licensed payment network, institutions can on-ramp fiat into stablecoins, transfer value across borders using blockchain rails, and off-ramp into local fiat currencies without relying on traditional correspondent banking systems.

This approach aims to reduce the delays and costs that often define cross-border payments. Traditional international transfers can take between three and seven days to settle, with transaction fees ranging from 3% to 7%. The WSPN–HIFI setup enables near-instant settlement while maintaining regulatory compliance, offering a more predictable and transparent alternative for businesses managing global liquidity.

Stablecoins as a Bridge Between Web3 and TradFi

According to Raymond Yuan, Founder and CEO of WSPN, cross-border payments remain one of the most practical use cases for stablecoins, but institutional adoption depends on trusted, regulated partners. By working with HIFI, WSPN is addressing the compliance and fiat-conversion hurdles that have limited broader institutional participation.

The partnership combines WSPN’s stablecoin infrastructure, including its dollar-pegged WUSD, with HIFI’s regulated payment rails and banking integrations. Together, they enable institutions to treat stablecoins as a settlement layer rather than a speculative asset, using them to move capital efficiently across jurisdictions.

As regulatory clarity around stablecoins continues to improve, collaborations like this highlight how crypto-native infrastructure is increasingly being positioned as a complement to traditional finance, rather than a replacement.

Recently, the organization announced a collaboration with Viction, a global Layer-1 blockchain, and Ninety-Eight (formerly Coin98), a crypto exchange, to promote the stablecoin’s adoption in emerging markets.