Wirex and Stellar Go Live with Dual-Stablecoin Visa Settlement in USDC and EURC for 7 Million+ Users
Wirex launched dual-stablecoin settlement using USDC and EURC on the Stellar blockchain for Visa card payments for its 7 million users.Summary
Wirex, a global digital payments leader and Visa principal member, has activated dual-stablecoin settlement using USDC and EURC on the Stellar blockchain for its card payments, a significant step for blockchain-powered finance. This partnership with the Stellar Development Foundation (SDF) allows Wirex to fulfill settlement obligations directly in stablecoins, bypassing traditional banking rails for faster, cheaper, and more transparent transactions.
Wirex Co-founder Pavel Matveev stated that stablecoin-native settlement is now live at scale. Visa's Head of Crypto, Cuy Sheffield, noted that this use of USDC and EURC on Stellar enhances speed and transparency in digital payments. Denelle Dixon, CEO of SDF, highlighted this as a major step for real-world stablecoin utility, as the Stellar network is optimized for compliant, cross-border payments.
This launch, powered by Wirex Pay infrastructure, means card settlements are now directly on-chain with Visa using stablecoins, offering users and partners lower fees, faster processing, and 24/7 availability across both USD and EUR settlement rails.
(Source：BeInCrypto)