Wirex, a UK FCA-regulated fintech, launched 26 fiat-backed stablecoins on Stellar for its 2M+ users. The stablecoins enable low-cost international remittance, can be spent via Wirex Visa card, and are pegged to major currencies including USD, EUR, GBP, HKD, and SGD.
Wirex, an FCA-regulated digital money provider, partnered with Stellar to launch 26 fiat-backed stablecoins for its 2M+ users and 5000+ business clients. The stablecoins are built on Stellar and offer industry firsts: seamless spending via Wirex Visa card, pegging to multiple major fiat currencies at interbank rates, instant conversion between stable digital currencies, and FCA-regulated issuance. Use cases include international remittance, merchant settlements, cryptocurrency hedging, and alternatives to traditional card infrastructure. The collaboration began with launching Stellar's native asset XLM on the Wirex platform.
