Interestingly, stablecoin infrastructure provider WSPN recently announced a partnership with licensed payment infrastructure provider HIFI. What is the core of this collaboration? It is to enable institutional clients to seamlessly switch between fiat currency and stablecoins for cross-border payments.

How does it work specifically? The process is as follows—companies first convert fiat currency into stablecoins, then perform cross-border transfers directly via blockchain, and finally exchange them into local fiat currency through HIFI's licensed network. The entire process bypasses the traditional correspondent banking system, avoiding lengthy intermediary procedures while ensuring compliance.

This addresses real pain points. Traditional cross-border payments usually take 3-7 days to arrive, with fees often ranging from 3-7%. Now, with stablecoins + blockchain? Confirmation is basically within minutes, and the transparency is vastly improved. Institutional clients can enjoy the speed and transparency of blockchain without worrying about compliance—thanks to the licensed infrastructure backing it.

This model is indeed very attractive for multinational corporations, international trade companies, and financial institutions. It’s both modern and secure.