wasabicard

The global stablecoin payment infrastructure platform WasabiCard has been featured in a special report by Forbes, which discusses the challenges faced by stablecoin payments in becoming mainstream applications and includes an interview with WasabiCard co-founder and CEO Ray Yang. The report points out that as stablecoin applications gradually extend from crypto trading to real business scenarios such as corporate payments and cross-border settlements, the underlying payment infrastructure is becoming a key driver of industry development.In the interview, Ray Yang stated: "At this stage, the development of stablecoin payments still faces dual challenges in technology and regulation. From a technical perspective, the core issue is no longer the transfer of funds itself; rather, the key lies in licensing qualifications, compliance systems, risk management capabilities, and banking network capabilities."Ray Yang further pointed out that the key to achieving large-scale commercialization of stablecoin payments does not lie in the payment capability itself, but in whether a global infrastructure can be built to connect digital assets with the traditional financial system. As a global stablecoin payment infrastructure platform, WasabiCard continues to focus on the global payment network, compliance systems, and enterprise-level payment capabilities, committed to promoting the widespread application of stablecoins in real business scenarios.This special report by Forbes reflects the ongoing attention of international mainstream financial media to the development trends of stablecoin payment infrastructure and indirectly highlights the growing importance of compliance and the value of building scalable global payment networks in the market.

The global stablecoin payment infrastructure platform WasabiCard today announced the completion of its Pre-A round of financing. Including previous funding, the total amount raised by the company has approached 10 million USD, with participation from four well-known institutions: Vernal Capital, Avenir Group, Vision Plus Capital, and 01VC.This round of financing will be used to build and improve the global payment infrastructure, compliance system, and key market business layout, enhancing cross-border payment service capabilities and global operational capabilities, further promoting the company's construction of a compliant, efficient, next-generation financial infrastructure aimed at the internet era.As stablecoins gradually move from trading scenarios to real commercial applications, the demand from enterprises for global payment, global card issuance, fund management, and cross-border settlement infrastructure continues to grow. WasabiCard currently serves over 500 enterprise clients globally, with a cumulative card issuance exceeding 500,000 cards and a total transaction scale surpassing 1 billion USD.In the future, WasabiCard will continue to expand its global payment network and multi-chain payment ecosystem, promoting the further implementation of stablecoin payments in global commercial scenarios.

WasabiCard announced that the number of corporate clients has officially surpassed 500, further accelerating the global stablecoin payment infrastructure layout. As a global payment infrastructure platform based on stablecoins, WasabiCard continues to provide services such as card issuance, payments, subscriptions, remittances, payroll, and cross-border fund distribution to global enterprises and users, centered around two core product systems: global card issuance and global remittance.In the past year, WasabiCard has issued over 500,000 cards, covering more than 100 countries and regions, with a total transaction volume exceeding 1 billion dollars. The service scenarios span multiple fields, including AI & SaaS subscriptions, advertising placements, cross-border payroll, Web3 payments, and global fund settlement.WasabiCard stated that as stablecoins gradually enter real commercial scenarios, the demand from enterprises for more efficient, flexible, and programmable global payment infrastructure is continuously growing. The company will continue to strengthen its efforts in stablecoin payments, global fund circulation, and the construction of programmable financial infrastructure in the future.

WasabiCard announced the official support for the Arbitrum network, further expanding its multi-chain payment infrastructure capabilities. Through this integration, users can directly recharge their WasabiCard accounts on-chain via Arbitrum, achieving more efficient and low-cost capital flow, and further enhancing the global payment experience.As a leading Layer 2 scaling solution for Ethereum, Arbitrum features lower gas fees and higher transaction efficiency. This integration will help users more conveniently convert on-chain assets into funds available for global payments, subscriptions, and cross-border transactions, further connecting Web3 assets with real commercial payment scenarios.WasabiCard stated that it will continue to expand its multi-chain payment capabilities in the future, promoting the practical application of stablecoins and on-chain assets in global payment scenarios.

The global stablecoin payment infrastructure platform WasabiCard has announced that it now supports Avalanche (AVAX) network top-ups. Users can now directly recharge their WasabiCard accounts on-chain through the AVAX network.It is reported that this integration aims to leverage the high performance, low latency, and low-cost underlying architecture of the Avalanche network to enhance the efficiency of on-chain funds entering the real commercial payment system and reduce friction costs during the transfer process. The official statement indicates that this move will further improve WasabiCard's multi-chain payment infrastructure layout and continuously promote the flexible application of on-chain assets in real global payment scenarios.

The stablecoin payment infrastructure platform WasabiCard recently announced its official membership in the Circle Alliance Program, becoming a member of its global stablecoin ecosystem cooperation network.It is reported that WasabiCard mainly targets global business scenarios, building integrated products around global card issuance, payment, and fund distribution to help enterprises manage global funds. Currently, its products have been applied in business scenarios such as AI, SaaS, advertising spending, cross-border e-commerce, and global settlement.The official stated that in the future, WasabiCard will deepen collaboration with Circle and global ecosystem partners, aiming to promote the large-scale implementation of compliant stablecoins like USDC in real business scenarios.

WasabiCard issued a security statement claiming that it has no affiliation with projects and organizations such as Wasabi Protocol and Wasabi Wallet.It is reported that WasabiCard collaborates with Safeheron for custodial wallets, using private key sharding technology to ensure the security of on-chain funds. They work with on-chain security audit companies like slowmist to strictly audit the sources of on-chain funds. They utilize compliance and anti-money laundering tools such as sumsub to ensure that user identities are legitimate and compliant. As a licensed institution and Web3 financial infrastructure service provider, security and compliance have always been the foundational capabilities of WasabiCard, rather than optional add-ons.