WEBUY GLOBAL LTD. Partners with Victory Securities to Pioneer Stablecoin Adoption
Rhea-AI Summary
WEBUY GLOBAL LTD. (Nasdaq: WBUY), a Southeast Asian e-commerce and travel tech company, has announced a strategic partnership with Victory Securities (8540.HK) to explore stablecoin payment initiatives. Victory Securities, established in 1971, is notably the first licensed firm in Hong Kong authorized to provide virtual asset services to retail investors.
The collaboration aims to integrate stablecoin-based payment infrastructure, focusing on trusted stablecoins like USDC and USDT. This initiative will position Webuy as a pioneer among Nasdaq-listed Southeast Asian e-commerce platforms in supporting stablecoin payments, enabling faster cross-border transactions for global travelers and suppliers.
Positive
- First-mover advantage in stablecoin adoption among Nasdaq-listed Southeast Asian e-commerce platforms
- Partnership with a regulated, experienced financial institution with over 50 years of experience
- Potential for reduced transaction costs and improved payment efficiency through stablecoin integration
- Access to Victory Securities' expertise in virtual asset services and regulatory compliance
Negative
- Regulatory uncertainty surrounding stablecoin adoption in different jurisdictions
- Implementation risks associated with new payment infrastructure
- Potential volatility and risks inherent in cryptocurrency markets
News Market Reaction 24 Alerts
On the day this news was published, WBUY declined 0.94%, reflecting a mild negative market reaction. Argus tracked a peak move of +52.8% during that session. Argus tracked a trough of -23.4% from its starting point during tracking. Our momentum scanner triggered 24 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $87K from the company's valuation, bringing the market cap to $9M at that time. Trading volume was above average at 1.5x the daily average, suggesting increased trading activity.
Data tracked by StockTitan Argus on the day of publication.
Singapore, July 23, 2025 (GLOBE NEWSWIRE) -- WEBUY GLOBAL LTD. (Nasdaq: WBUY) (“Webuy” or the “Company”), a fast-growing Southeast Asian e-commerce and travel tech company, is pleased to announce its intention to explore further collaboration on stablecoin payment initiatives for Webuy’s global travel and e-commerce operations and other potential business opportunities in virtual asset domain with Victory Security under the MOU that was signed earlier. Victory Securities Company Limited (stock code: 8540.HK) is a renowned Hong Kong-based financial services provider.
Victory Securities: Licensed Pioneer in Virtual Assets
Established in 1971, Victory Securities is a licensed corporation regulated by the Hong Kong Securities and Futures Commission (SFC), with over five decades of experience in securities trading, asset management, and financial advisory services. Notably, Victory Securities is the first licensed firm in Hong Kong authorized to provide virtual asset dealing and advisory services to retail investors, giving it a unique edge in guiding Webuy’s expansion into the crypto and stablecoin ecosystem.
“Victory Securities is excited to bring both traditional financial expertise and cutting-edge digital asset capabilities into our collaboration with Webuy,” said Kennix Chan, Executive Director of Victory Securities. “We see strong alignment in advancing Webuy’s capital structure while enabling safe and compliant adoption of stablecoin payment solutions — an innovation that supports its global growth. We look forward to exploring further opportunities with WEBUY in virtual assets space in the near future.”
Webuy’s Vision: Stablecoin Payments for Global Commerce
Through this partnership, Webuy and Victory Securities will jointly explore the integration of stablecoin-based payment infrastructure, enabling fast, secure, and borderless transactions for global travelers and cross-border suppliers. This effort will position Webuy at the forefront of Nasdaq-listed Southeast Asian e-commerce platforms to fully support stablecoin payments, starting with trusted stablecoins like USDC and USDT.
“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.”
About WEBUY GLOBAL LTD.
WEBUY GLOBAL LTD. is a technology-driven company transforming community e-commerce and travel across Southeast Asia. The company enhances its group-buy model with predictive AI, personalized recommendations, and community-led engagement, while its travel vertical delivers curated itineraries and real-time support through its proprietary AI Travel Consultant. Webuy is committed to delivering high-quality, affordable products and travel services that improve the lives of millions across the region. For more information, visit https://www.webuy.global.
About Victory Securities
Victory Securities Company Limited, established in 1971, is a licensed corporation under the Securities and Futures Commission of Hong Kong. It is the first licensed firm authorized to offer virtual asset trading and advisory services to retail investors. Victory specializes in securities trading, asset management, and fintech innovation for clients across the Greater China region. Learn more at https://www.victoryfg.com.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those projected due to various factors, including operational execution, market dynamics, and regulatory requirements. Webuy Global Ltd. undertakes no obligation to update any forward-looking statements, except as required by law.
WEBUY GLOBAL LTD. Email: ir@webuy.global
FAQ
What is the purpose of WEBUY's partnership with Victory Securities?
Why is Victory Securities significant for WBUY's cryptocurrency strategy?
How will stablecoin integration benefit WEBUY's operations?
What types of stablecoins will WBUY implement in its payment system?
What makes WBUY's stablecoin initiative unique in Southeast Asia?
