LONDON, Aug. 13, 2025 /PRNewswire/ — Wirex, a prominent player in the Web3 financial space, has made headlines with its latest initiative to support EURC settlements as part of Visa’s stablecoin settlement pilot. This development marks a progressive step in the advancement of blockchain-based payment systems across Europe. After successfully concluding a testing phase, Wirex has activated its EURC settlement functionalities through the Visa Network. This partnership facilitates near real-time transactions using EURC, a stablecoin issued by Circle that is fully backed and pegged to the euro on a 1:1 basis.
### Wirex Enhances Web3 Payments in Europe with Visa-Backed EURC Settlements
The introduction of EURC settlement capabilities allows Wirex to optimize cross-border payment processes and improve its infrastructure for converting cryptocurrencies to fiat currencies. This enhancement aims to provide users with swift, secure, and economical transaction options. Svyatoslav Garal, Global Head of Payments at Wirex, commented, “Collaborating with Visa to facilitate EURC settlements represents a significant leap in our goal of making digital currencies suitable for everyday transactions. This advancement enables us to provide even quicker and more dependable transactions, ensuring our customers enjoy a smooth experience when transitioning between crypto and traditional currencies. We take pride in being the first to implement EURC settlements within the EU.”
Rubail Birwadker, Global Head of Growth Products and Strategic Partnerships at Visa, noted, “Visa is continually broadening our stablecoin capabilities across our network, and our collaboration with Wirex to support EURC settlements exemplifies that progress. It underscores our dedication to modernizing the methods of money movement while allowing our partners the freedom to innovate with stablecoins.”
The capability for EURC settlements builds on the long-term collaboration between Wirex and Visa, which has positioned Wirex as one of the initial crypto-native platforms to issue Visa cards. This integration has enabled users to effortlessly convert and utilize digital assets in real-world applications, resulting in over $20 billion in transactions processed thus far.
Key advantages for the payments sector include rapid settlements with nearly instantaneous processing times, improved security and transparency via blockchain technology, and a seamless user experience that merges crypto and fiat transactions. This integration includes instant conversions at the point of sale, unified account management within a single app, and stablecoin-based settlements that eliminate typical cross-border challenges. This milestone highlights the commitment of both Wirex and Visa to promote the practical application of stablecoins in global payments, contributing to a more inclusive and efficient financial ecosystem powered by digital assets.
Previously, Wirex Pay, a trailblazing platform for stablecoin payments, joined the Circle Alliance Program, a collective of companies dedicated to influencing the future of finance. This membership reinforces Wirex’s focus on collaboration and innovation within the stablecoin market.
### About Wirex
Wirex is a leading digital payments platform based in the UK, boasting over 6 million customers across 130 countries. The platform provides users with secure accounts that enable seamless storage, purchasing, and exchange of multiple currencies. As a principal member of both Visa and Mastercard, Wirex transcends traditional payment services, adapting to the evolving landscape of Web3 to offer broader access to digital finance and wealth management. With a total of $20 billion in transactions processed, Wirex aims to facilitate the transition toward a cashless society by simplifying transactions in various currencies globally, making digital payments more accessible and convenient for users worldwide.
