LONDON, Aug. 13, 2025 /PRNewswire/ — Wirex, a prominent player in the Web3 financial space, has unveiled its new capability to support EURC settlements through Visa’s stablecoin settlement initiative, a noteworthy advancement in the landscape of blockchain payments throughout Europe. After successfully completing a testing phase, Wirex is now fully operational with EURC settlement functions, utilizing the Visa Network. This partnership allows for nearly instantaneous settlements using EURC, a stablecoin issued by Circle that is pegged at a 1:1 ratio to the euro.
Wirex Enhances European Web3 Payments with Visa-Backed EURC Settlements
The integration of EURC settlements is set to further optimize Wirex’s cross-border payment processes, significantly improving the efficiency of its infrastructure for converting crypto to fiat currencies. This development enables users to conduct fast, secure, and cost-efficient transactions. “Teaming up with Visa to facilitate EURC settlements is a pivotal advancement in our goal to make digital currencies practical for everyday purchases,” stated Svyatoslav Garal, Global Head of Payments at Wirex. “This innovation allows us to provide quicker and more dependable transactions, ensuring our customers enjoy a smooth experience when transitioning between cryptocurrency and traditional currencies. We are also proud to be the first platform to implement EURC settlements within the EU.”
“Visa is continually enhancing our stablecoin capabilities within our network, and our collaboration with Wirex to facilitate EURC settlement exemplifies this progress,” remarked Rubail Birwadker, Global Head of Growth Products and Strategic Partnerships at Visa. “This initiative underscores our dedication to transforming money movement and providing our partners with the ability to innovate through stablecoins.”
The introduction of EURC settlement capabilities builds upon the established partnership between Wirex and Visa, which has positioned Wirex as one of the initial crypto-native platforms to offer Visa services, allowing users to seamlessly convert and utilize digital assets in real-world transactions. This model has successfully processed transactions exceeding $20 billion.
Benefits for the payments sector include rapid settlements with near-instant processing capabilities, improved security and transparency through the use of blockchain technology, and a streamlined user experience that encompasses both crypto and fiat transactions. This is facilitated by instant conversions at the point of sale and unified account management within a single application, along with stablecoin-based settlements that alleviate traditional cross-border transaction challenges. This achievement highlights both companies’ dedication to promoting the practical application of stablecoins in global payments, aiming to create a more inclusive and efficient financial system driven by digital assets.
Previously, Wirex Pay, an innovative stablecoin payment platform, joined the Circle Alliance Program — a global coalition of companies committed to shaping the future of finance. This membership emphasizes Wirex’s focus on collaboration and innovation within the stablecoin sector.
About Wirex
Wirex is a leading digital payment platform based in the UK, boasting over 6 million users across 130 nations. It provides secure accounts that facilitate easy storage, purchasing, and exchange of multiple currencies. As a principal member of both Visa and Mastercard, Wirex transcends conventional services, embracing the evolving Web3 trends to offer mainstream access to digital finance and wealth management. With a transaction volume surpassing $20 billion, Wirex is dedicated to aiding the transition to a cashless society by enabling straightforward transactions in various currencies globally. The company is committed to simplifying digital payments, making them more accessible and convenient for individuals around the world.
