LONDON, Nov. 18, 2025 /PRNewswire/ — Wirex, a prominent player in the digital payment sector and a principal member of Visa, has officially launched a dual-stablecoin settlement system utilizing USDC and EURC on the Stellar blockchain. This significant development marks a pivotal advancement in the realm of blockchain-driven finance. The initiative, executed in collaboration with the Stellar Development Foundation (SDF), facilitates on-chain card payment settlements in USDC and EURC. “The concept of stablecoin-native settlement has transitioned from theory to reality, now operational on a large scale and providing tangible benefits to users worldwide,” stated Pavel Matveev, Co-founder of Wirex. “Our partnership with Stellar allows us to deliver our clients quicker, more economical, and transparent alternatives to conventional banking systems, all while being seamlessly integrated with Visa.”
Innovative Financial Solutions without Traditional Banking Hurdles
Wirex’s affiliation with Visa empowers the firm to conduct its settlement processes in USDC and EURC without depending on intermediary banking institutions or outdated fiat systems. “Visa is collaborating with forward-thinking partners like Wirex to discover novel methods through which stablecoins and blockchain technology can improve the payment experience. Wirex’s implementation of USDC and EURC on the Stellar network exemplifies how on-chain settlements can enhance speed, transparency, and programmability in digital transactions,” remarked Cuy Sheffield, VP and Head of Crypto at Visa. “The future of finance lies in on-chain solutions, and Wirex’s introduction of dual-stablecoin settlements on Stellar signifies a crucial advancement for the practical application of stablecoins. The Stellar network was specifically designed for payment solutions and stands as a leader in demonstrating how stablecoins can be effectively utilized for compliant, cross-border transactions,” added Denelle Dixon, CEO & Executive Director at the Stellar Development Foundation.
Implications for Users and Business Partners
The implementation of USDC and EURC settlements is now fully operational on the Stellar network. Card payments processed through Wirex will now be settled directly on-chain using stablecoins in collaboration with Visa. This system offers users and business partners reduced fees, expedited processing times, and around-the-clock availability. The settlement infrastructure caters to both USD and EUR, accommodating various global and regional applications. The launch is powered by Wirex Pay, the company’s on-chain infrastructure designed for stablecoin transactions, facilitating real-time payments from self-custody wallets. By merging blockchain efficiency with the programmability of stablecoins, Wirex is revolutionizing the delivery of modern financial services—creating a system that is borderless, instantaneous, and tailored for the Web3 economic landscape.
About Wirex
Wirex is an international digital payment platform that connects traditional financial systems with digital currencies. As a principal member of Visa and a pioneer in crypto-enabled cards, Wirex caters to over 7 million users across 130 countries. The company is at the forefront of establishing a stablecoin-centric financial infrastructure, promoting real-time settlements, self-custodial wallets, and blockchain-based banking solutions.
The Stellar Network
The Stellar network is a decentralized blockchain that is designed for speed, scalability, and sustainability, specifically for financial services and products. It provides developers with smart contract capabilities and a payment-optimized protocol that maintains low transaction fees and can accommodate growing adoption rates. Financial institutions and innovators from around the globe utilize the Stellar network to issue assets and settle payments, which has successfully processed billions of transactions involving millions of accounts since its inception.
