- Stellar Development Foundation says the rollout demonstrates real-world stablecoin utility, highlighting Stellar’s role in compliant, cross-border payments.
- The new system runs on Wirex Pay Chain, enabling real-time stablecoin settlement while keeping existing card functionality unchanged.
Wirex, the popular digital assets platform that allows users to buy, hold, and spend crypto, has recently announced a partnership with the Stellar blockchain to settle Visa payments in USDC & EURC stablecoins. The company said that this brings a major part of card processing into the on-chain world.
WireX Partners With Stellar for Faster Payment Rails With USDC and EURC Stablecoins
Wirex announced that settlement processes previously dependent on slower banking rails will now be conducted directly in USDC and EURC on the Stellar network. This will allow the company to provide faster and more transparent payments for its more than 7 million users.
The latest development comes soon after WireX launched the ADA card in partnership with Cardano last week, as per the CNF report.
According to the company, the shift enables near-real-time settlement, lower global fees, 24/7 network availability, and enhanced protocol-level transparency, with support for both U.S. dollar and euro stablecoins. Speaking on the developments, Pavel Matveev, Co-founder of Wirex, said:
“Stablecoin-native settlement is no longer a concept — it’s live, at scale, and delivering real value to users globally. By partnering with Stellar, we’re offering our customers faster, cheaper, and more transparent alternatives to traditional banking rails — all while remaining fully integrated with Visa.”
Leveraging the WireX Pay chain for Real-Time Payments
The upgraded system is powered by Wirex Pay Chain, the firm’s on-chain stablecoin infrastructure that connects self-custody wallets to real-time card and banking payments. Wirex noted that customers’ cards will continue to operate as usual while the settlement layer becomes more efficient.
The partnership with the Stellar Development Foundation marks the transition of stablecoin settlement from concept to widespread operational use. Besides, it also pushes further dual-stablecoin settlement as a step toward faster, more transparent global payments aligned with a digital economy.
Denelle Dixon, CEO & Executive Director at Stellar Development Foundation, said:
The future of finance is onchain which is why Wirex going live with dual-stablecoin settlement on Stellar is a major step forward for real-world stablecoin utility. The Stellar network was built for payments and is a leader for how stablecoins can be used at scale for compliant, cross-border payments.
The Stellar blockchain network has recently witnessed a growing enterprise adoption by partnering with top players across different industry verticals.
As mentioned in our previous story, a Cypher Lending Protocol Templar launched on the Stellar blockchain earlier this month, allowing users to buy the USDC stablecoins against the XLM deposits.