Lumen Loop
All news
Articlewww.finextra.com3y ago

Wirex expands USDC support to Stellar Network

Wirex announced USDC support on Stellar at Meridian conference, enabling 5 million users across 39 countries to buy, hold, and spend the stablecoin via their crypto-enabled debit card with up to 8% WXT rewards.

PaymentsStablecoinsPartnerships
Lumen Loop's take

At Stellar's Meridian conference, Wirex announced immediate USDC availability on the Stellar blockchain within its app, expanding access to stablecoin payments for its 5 million users across 39 countries. Users can now save or spend USDC directly using Wirex's crypto-enabled debit card while earning up to 8% in WXT rewards. The announcement marks a milestone in Wirex's ongoing collaboration with the Stellar Development Foundation since 2019, aimed at democratizing digital economy access. USDC, issued by Circle and fully reserve-backed, offers users low-cost transactions and faster settlement on Stellar's near-zero fee network. Wirex and SDF have jointly released research reports on cryptocurrency adoption, recognized as a benchmark by industry analysts and policymakers globally.

Mentioned projects
2 projects linked
C
CircleInfrastructure & Services
stablecoinscross-border-paymentsinstitutional

Circle is the full-stack platform for the internet financial system — issuing USDC and EURC stablecoins and powering global paym…

View →
W
Wirex PayApplications
SCF
PaymentsInfrastructureCross-Border Payments

Wirex Pay is a self-custodial card and bank account payment solution powered by smart accounts. It already has a solution design…

View →