Webuy Global Partners with Victory Securities for Stablecoin Adoption and Borderless Transactions

Webuy Global (NASDAQ:WBUY) has partnered with Victory Securities to explore collaboration on stablecoin adoption for their travel and e-commerce operations. The partnership aims to integrate stablecoin-based payment infrastructure, enabling fast, secure, and borderless transactions for global travelers and suppliers. Victory Securities is a Hong Kong-based financial services provider with a reputation for expertise in the virtual asset domain.

Webuy Global Ltd. (NASDAQ: WBUY), a leading Southeast Asian e-commerce and travel tech company, has announced its intention to collaborate with Victory Securities to explore stablecoin adoption for its global travel and e-commerce operations. This partnership aims to integrate stablecoin-based payment infrastructure, enabling fast, secure, and borderless transactions for global travelers and suppliers.

Victory Securities, a renowned Hong Kong-based financial services provider, is known for its expertise in the virtual asset domain. The company is licensed by the Hong Kong Securities and Futures Commission and is the first firm in Hong Kong authorized to offer virtual asset dealing and advisory services to retail investors. This partnership leverages Victory Securities' traditional financial expertise and digital asset capabilities to support Webuy's expansion into the crypto and stablecoin ecosystem.

The collaboration is expected to position Webuy at the forefront of Nasdaq-listed Southeast Asian e-commerce platforms to support stablecoin payments, starting with trusted stablecoins like USDC and USDT. Xue Bin, CEO and Co-Founder of Webuy Global Ltd., stated that stablecoins open a new chapter for the company's business model. Kennix Chan, Executive Director of Victory Securities, noted the strong alignment in advancing Webuy’s capital structure while enabling safe and compliant adoption of stablecoin payment solutions.

This partnership builds upon a previously signed memorandum of understanding between the companies. The companies indicated they may explore additional opportunities in the virtual asset space, though specific timelines for implementation were not disclosed. Webuy Global has integrated Coinbase Commerce into its platform, enabling customers to pay for travel packages and products using cryptocurrencies, including USDC. Additionally, Webuy has entered into a Memorandum of Understanding with CTG MICE Service Company Limited to develop inbound tourism services to China.

This strategic move by Webuy Global is expected to enhance its offerings and expand its market reach. The partnership with Victory Securities is a significant step in positioning Webuy as a leader in the integration of stablecoin payments within the e-commerce and travel sectors.

References:
[1] https://www.morningstar.com/news/globe-newswire/9499048/webuy-global-ltd-partners-with-victory-securities-to-pioneer-stablecoin-adoption
[2] https://seekingalpha.com/news/4470480-webuy-global-partners-victory-securities-for-stablecoin-adoption
[3] https://www.investing.com/news/company-news/webuy-global-explores-stablecoin-payment-initiatives-with-victory-securities-93CH-4147902