Wirex and Algorand Expand Stablecoin Payments with New USDC Integration

Wirex has partnered with the Algorand Foundation to integrate USDC on Algorand into its payment infrastructure, aiming to bring stablecoin payments to its 7 million users and 80 million Visa-accepting merchants globally. This collaboration involves Wirex developing an Algorand-native payment infrastructure where transactions are settled entirely on the Algorand network, ensuring transparency and scalability. Key features include users being able to hold, send, and spend USDC on Algorand via the Wirex app, using the Wirex Visa Card for purchases worldwide with real-time conversion and zero-FX fees, and enabling instant, zero-fee cross-border payments. Pavel Matveev, Co-Founder of Wirex, stated this integration makes stablecoins usable as money, while Min Wei of the Algorand Foundation noted the partnership brings USDC on Algorand to millions for payments and remittances. The integration positions Algorand as a core component of Wirex's multi-chain stablecoin infrastructure.

(Source：BeInCrypto)