Innovative Payment Solutions (IPSI) Soars 700% in a Month: But Why?

The stable coin industry has grown at a remarkable clip over the past few years and if investors looking for companies worth backing then they could consider having a look at the fintech company Innovative Payment Solutions Inc (OTC: IPSI).

The stock has been on a remarkable run over the past month and gone up by as much as 700%. The rally continued on Wednesday as the Innovative Payment stock rallied by 36%. The latest rally came about after the company announced earlier on in the week that it reached an agreement with existing institutional investors with regards to its stable coin project.

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Innovative Payment Solutions announced that the term sheet has been signed and the investor is going to commit a minimum of $1 million for IPSI Stable Coin settlement. The funding, which is going to be held in a custodial account, could go up to as big as $5 million.

Michael Rowels

Weekend Contributor. Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.