Who is WANNA For?
Target Users & Key Use Cases
G-Series Stablecoin 2.0 issued by WANNA is not a service that directly opens bank accounts or enables cash withdrawals for end users. Instead, WANNA builds on-chain payment, settlement, and FX infrastructure that runs on top of licensed financial institutions, fintechs, and service partners.
Regulatory Stages: Pre-Regulation vs Post-Regulation
Throughout this whitepaper, we refer to two regulatory stages of the protocol:
Pre-Regulation Phase (Pre-Reg Phase) The stage where WANNA operates in a primarily crypto-native environment, using USDT/USDC-backed G-Series stablecoins and partnering with regulated entities where possible, while full “stablecoin 2.0” regulations and licensing frameworks are still emerging in key jurisdictions.
Post-Regulation Phase (Post-Reg Phase) The stage where stablecoin and tokenized asset regulations are sufficiently established in major markets, allowing WANNA to integrate licensed local stablecoins, banks, and brokers into a fully regulation-aligned hybrid collateral model and dedicated G-Series settlement infrastructure.
1. Stage-Based Positioning – Pre-Regulation Phase vs Post-Regulation Phase
1.1 Pre-Regulation Phase: USDT/USDC-Based On-Chain FX & Settlement Layer
In the initial phase, G-Series is structured as follows:
The core reserves consist of global USD stablecoins such as USDT and USDC.
Fiat off-ramping (cash-out to local currency) generally follows:
G-Series → GUSD → USDT/USDC → CEX / OTC / existing on–off ramp providers.
meaning redemption ultimately occurs at the USD stablecoin layer.
The protocol itself focuses on the on-chain layer sitting upstream of banks, cash, and card systems—not on becoming a bank or card issuer.
In this phase, WANNA primarily targets on-chain / crypto-native players:
Crypto-Native Traders & DeFi Users
Individuals and funds who already use USDT/USDC and want to take FX exposures across multiple currencies on-chain.
Users who wish to construct currency-specific positions (e.g., GJPY, GEUR, GPHP) without opening separate off-chain FX accounts.
OTC Desks, Liquidity Providers, and Market Makers
Players who manage spreads across multiple chains, stablecoins, and fiat currencies.
Businesses that keep USD stablecoins at the core, but want to swap/hedge into other currency units on-chain quickly and efficiently.
Web3 Services, Games, and Payment Apps
Ideal for: Services that prefer maintaining their treasury and settlement in USDT/USDC, while offering a localized user experience by displaying prices in local currency units via G-Series (e.g., GKRW, GJPY).
Settlement Flow: Final cash-out is executed through exchanges, OTC desks, or existing on-off ramp partners, ensuring seamless liquidity access.
Exchanges and DeFi Protocols
Infrastructure players that list G-Series to design:
On-chain FX markets
Spread/arb products between stablecoins
leverage and derivatives (e.g., perpetual futures) based on G-Series
In summary, in the Pre-Regulation Phase, WANNA functions as a “multi-currency FX and settlement layer built on top of USDT/USDC”, and its target users are those who already use on-chain infrastructure and USD stablecoins—both individuals and businesses.
1.2 Post-Regulation Phase: Brokerage Expansion → Hybrid Collateral → Global Financial Hub
As regulation and infrastructure mature over time, WANNA plans to expand along three main axes:
(1) Expanding G-Series Usage Through Brokerage
First, G-Series will drive substantial adoption and liquidity through an on-chain brokerage layer:
RWA Trading
Integration with on-chain RWA protocols for government bonds, short-term notes, MMFs, and similar instruments.
Using GUSD / G-Series as collateral or settlement assets for these transactions.
Lending / Spot / Perpetuals
Using GUSD / G-Series as margin and settlement units for leverage, margin trading, and derivatives such as perpetual futures.
Liquidity Aggregation / Brokerage
Aggregating multiple on-chain and off-chain liquidity sources into a single brokerage layer.
Enabling traders, funds, OTC desks, and exchanges to build and settle portfolios denominated in G-Series.
→ The key objective of this phase is for G-Series to move beyond being “just a payment token” and become a primary unit of capital flow and settlement in brokerage activities.
(2) Hybrid Collateral Structure + G-Series-Dedicated High-Performance Mainnet
Over time, jurisdictions will introduce regulated stablecoins issued under explicit legal frameworks and licenses (banks, EMIs, e-wallet providers, regulated issuers, etc.).
From that point, the collateral structure of G-Series can evolve into a hybrid model:
Initial Phase
Over-collateralization based on global USD stablecoins such as USDT/USDC.
Medium to Long Term
In addition to existing dollar stablecoin collateral, including a portion of locally regulated fiat stablecoins issued under each country’s laws into the collateral pool.
This hybrid model allows:
Collateral to be diversified across legally claimable off-chain assets and on-chain collateral,
Strengthening both peg stability and regulatory alignment,
Reducing dependency on any single stablecoin or chain and enhancing the resilience of the overall system.
In parallel, WANNA aims to evolve — if scale and regulation allow — into a G-Series–dedicated high-performance payment and settlement mainnet:
Low latency, high throughput design (directionally similar to existing high-performance derivatives-focused mainnets).
Architecture specialized for G-Series transfers, swaps, and micro-payments.
Through this dedicated mainnet, WANNA seeks to achieve a cost and performance profile that makes it feasible to support real-world merchant payments, small-value transactions, and in-app payments on-chain.
(3) A Global Financial Hub Connecting On-Chain and Off-Chain
When brokerage expansion, hybrid collateral, and the dedicated mainnet are combined, WANNA’s long-term vision is to function as a global financial hub spanning both online and offline finance.
On-Chain Side
A multi-currency on-chain financial layer centered on G-Series, supporting:
FX & Brokerage
Collateral & Lending
RWA (Real World Assets)
Spot & Perpetual Markets
Off-Chain / Retail Side
Banks, e-wallets, payment processors, and regulated stablecoin issuers can use the G-Series / brokerage layer as settlement infrastructure within their own services.
End users continue to pay with cards, QR codes, and mobile apps, while WANNA’s infrastructure operates “invisibly in the background.”
Importantly, WANNA does not aim to become a service that directly opens retail accounts.
Instead, WANNA aims to connect and consolidate on-chain finance through the G-Series brokerage layer, while simultaneously serving as a global settlement hub that links regulated stablecoins with local financial infrastructures.
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