Wirex and Stellar Launch Real-Time Stablecoin Settlement with Visa Integration
Wirex has activated dual-stablecoin settlement using USDC and EURC on the stellar blockchain, enabling real-time on-chain settlement for card payments. The integration, developed in collaboration with the Stellar Development Foundation, aims to streamline payment processes and reduce reliance on traditional banking systems.
The rollout leverages Wirex's Visa partnership to deliver faster processing, lower fees, and continuous availability through its Wirex Pay infrastructure. This MOVE strengthens Wirex's position in the Web3 payments market while expanding stablecoin utility in mainstream finance.
Stellar's blockchain platform provides the foundation for rapid, low-cost transactions. The solution targets global markets, offering users and partners enhanced efficiency in cross-border settlements.