Bank CEOs meet with Trump to discuss Fannie Mae and Freddie Mac - Bloomberg
Investing.com -- WEBUY GLOBAL LTD. (Nasdaq:WBUY) stock surged 30% after announcing a partnership with Victory Securities to explore stablecoin payment initiatives for its global travel and e-commerce operations.
The Southeast Asian e-commerce and travel tech company plans to collaborate with Victory Securities, a Hong Kong-based financial services provider, to integrate stablecoin-based payment infrastructure that would enable fast, secure, and borderless transactions. The initiative aims to position Webuy as one of the first Nasdaq-listed Southeast Asian e-commerce platforms to fully support stablecoin payments, beginning with USDC and USDT.
Victory Securities, established in 1971, is regulated by the Hong Kong Securities and Futures Commission and is notably the first licensed firm in Hong Kong authorized to provide virtual asset services to retail investors.
"Stablecoins open a new chapter for our business model," said Xue Bin, CEO and Co-Founder of Webuy Global Ltd. "With Victory Securities as our partner — the first in Hong Kong authorized to offer virtual asset services to retail investors — we are well positioned to develop a crypto-ready ecosystem that enhances customer experience, reduces payment friction, and facilitates cross-border supplier settlement."
The collaboration follows a previously signed memorandum of understanding between the two companies and may extend to other potential business opportunities in the virtual asset domain.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.