Wirex Launches Visa Stablecoin Settlement on Stellar for Global Payments

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Stellar Powers Wirex Visa Stablecoin Settlement for Global Payments

Wirex now allows customers to use USDC and EURC stablecoins to make global card payments through Wirex Pay, powered by the Stellar network.

Wirex now uses the Stellar network to process stablecoin card payments, connecting Visa transactions with both USDC and EURC for faster and more efficient settlements.

The launch, announced on November 18, 2025, brings blockchain settlement into everyday card payments.

This service helps people around the world quickly and easily move money between dollar- and euro-backed stablecoins using Wirex Pay and Visa’s network.

Wirex Brings Stablecoin Settlement to Visa Payments

Wirex, a digital finance company and official Visa member, now allows users to settle transactions with two different stablecoins on the Stellar blockchain.

This service lets businesses receive card payments in USDC and EURC. Built in collaboration with the Stellar Development Foundation, it’s designed for making and receiving payments internationally.

This new feature enables Wirex to process card payments using stablecoins directly on the blockchain, making settlements faster and more efficient.

This also allows me, as Wirex, to fulfill our financial obligations for payments processed through Visa. Essentially, it provides another method for us to settle transactions within our Visa payment system.

Wirex and Stellar Launch Dual-Stablecoin Visa Settlement: A Major Breakthrough in Digital Payments

On November 18, 2025, Wirex, a leading company in digital finance and an official Visa member, achieved a significant breakthrough in the world of digital payments.

— Stellar XLM Holder (@SylvianGuibal)

In my research, I’ve found that Wirex’s system aims to lessen the need for typical banking procedures. They’ve also highlighted that this new approach allows for quicker transaction processing across different markets.

It uses stablecoins that track the value of the US dollar and the euro.

Pavel Matveev, the CEO and co-founder of Wirex, announced that their new system is now operational. He stated that using stablecoins for settlements is no longer just an idea, but a reality.

He added that it is now operating at scale for global users.

Stellar Supports Dollar and Euro Stablecoin Rails

Stellar was selected for the rollout because it is built for low-cost and fast transfers.

The network is often used for payments, tokenized assets, and cross-border value movement.

Wirex is leveraging the Stellar network to process payments in both USDC and EURC. This allows Wirex to offer customers the convenience of settling transactions in either US dollars or euros.

This improves payment processing across various locations and enables card payments even when banks are closed.

The Stellar Development Foundation highlighted that this launch demonstrates increasing adoption of blockchain technology for processing payments.

Denelle Dixon, the company’s CEO, explained that this launch is part of a larger trend of growth in on-chain finance. She added that it demonstrates a practical application for stablecoins.

The settlement model also gives users more traceability than many legacy payment systems.

Blockchain technology creates a public record of all transactions, making it easier to review activity, conduct audits, and follow payments.

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Visa Expands Stablecoin Settlement Network

Visa has continued to expand its stablecoin settlement work with payment partners.

The company reports its system for settling transactions using stablecoins is now processing $7 billion worth of transactions annually. Wirex’s recent launch expands this activity by adding support for USDC and EURC stablecoins built on the Stellar network.

Cuy Sheffield, head of crypto at Visa, commented on the Wirex launch.

He highlighted that Wirex utilizing USDC and EURC on the Stellar network demonstrates the benefits of settling transactions directly on the blockchain – specifically, faster processing and increased transparency. He also noted the potential of programmable features in digital payments.

Today, the company is growing its network for settling transactions with stablecoins, now processing around $7 billion worth of transactions regularly.

Last November, a key part of Visa began testing a new way to settle payments using two stablecoins – USDC and EURC – on the Stellar network.

— Stellar (@StellarOrg)

The launch is powered by Wirex Pay, the company’s on-chain payment infrastructure.

Wirex Pay lets you make instant payments directly from your own crypto wallets. It links your blockchain transactions to the Visa network, giving you access to card payments.

The new system brings stablecoins, Stellar, and Visa card settlement into one payment structure.

This allows Wirex to use blockchain technology to process international payments. It’s also another instance of stablecoins being used within a regulated payment system.

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2026-05-01 23:29