Wyre, a crypto infrastructure and banking-as-a-service provider, is becoming a USDC anchor on Stellar to enable faster, cheaper cross-border payments. The company will launch USDC-MXN corridors and expand to GBP, CAD, AUD, and EUR, leveraging the Stellar DEX for better foreign exchange rates.
Wyre, a crypto infrastructure provider, is integrating Stellar USDC into its API to enable cross-border payments with better rates and lower fees. As a new USDC anchor on Stellar, Wyre will establish corridors between USDC and local fiat currencies, starting with the Mexican peso. By using the Stellar DEX instead of traditional Bitcoin or exchange markets, Wyre can offer faster transactions and more favorable foreign exchange rates. The company plans to expand to GBP, CAD, AUD, and EUR corridors, creating new on/off ramps that will help other Stellar businesses reach additional markets.
