SDF invested $5 million in Wyre, a blockchain payments company, to bring payment APIs and USDC on/off ramps to the Stellar ecosystem. The integration will enable fintech apps to access compliant fiat-to-crypto services across USD, GBP, CAD, AUD, and EUR pairs.
The Stellar Development Foundation announced a $5 million Enterprise Fund investment in Wyre, a regulated blockchain payments company. The investment will integrate Wyre's payment APIs into the Stellar ecosystem, enabling fintech applications and anchors to offer USDC on/off ramps in multiple fiat currencies (USD, GBP, CAD, AUD, EUR). Wyre, which has processed over $5 billion in transactions since 2013, will provide compliant infrastructure for developers to integrate Stellar USDC without additional UI builds. The partnership also includes Wyre's savings products and lending capabilities to incentivize deposits of Stellar assets. This marks the first Enterprise Fund investment of 2021, bringing the fund's total to $14.265 million since launch.
