Wirex and Stellar Launch Dual Stablecoin Visa Settlement for 7M+ Users

Published at 2025-11-19 13:15:34

Wirex and Stellar have rolled out on‑chain Visa settlement that supports both USDC and EURC, making the capability available to over 7 million Wirex customers. By routing card settlements to the Stellar ledger via these fiat‑pegged tokens, Wirex can convert Visa transactions into on‑chain stablecoins at settlement, shortening the time between payment and finalization.

The move matters because it bridges traditional card networks and crypto rails in a live, consumer‑facing product — potentially lowering costs, cutting counterparty risk, and improving liquidity management for merchants and the issuer. If adoption grows, this dual‑stablecoin approach could accelerate mainstream acceptance of crypto settlements and encourage other payment providers to explore on‑chain settlement models.

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Circle’s CEO defended the company’s authority to freeze USDC after the $270 million Drift Protocol exploit and urged faster legal frameworks to enable rapid, lawful responses to crypto hacks.

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