Wirex, the global leader in stablecoin payment infrastructure, has announced a strategic partnership with Algorand Foundation to bring USDC on Algorand to more than 7 million Wirex users and 80 million Visa-accepting merchants worldwide. The collaboration marks a significant step toward mainstream adoption of stablecoin payments, combining Wirex’s global card and banking network with Algorand’s blockchain to deliver fast, borderless, and self-custodial payments built directly on-chain.
Financial Technology Insights: PayJoy Secures $140 Million From Neuberger to Expand Global Credit
As part of this collaboration, Wirex is developing an Algorand-native payment infrastructure, where all transactions are processed and settled entirely on the Algorand network. This enables a transparent, scalable, and fully on-chain experience designed for the next generation of programmable and agentic payments.
Together, Wirex and the Algorand Foundation are unlocking the following real-world payment features:
- Wirex users can now hold, send, and spend USDC on Algorand directly within the Wirex app, benefiting from Algorand’s efficiency and low fees alongside Wirex’s intuitive user experience.
- Through the Wirex Visa Card, users can spend USDC on Algorand at more than 80 million merchants worldwide, with real-time conversion, zero-FX fees, and global cashback rewards.
- Users can seamlessly move between fiat and stablecoins via ACH, SEPA, FPS, and other local rails, supported by 1:1 fiat-to-stablecoin conversion with no spreads, hidden costs, or friction.
- The integration enables instant, zero-fee cross-border payments, allowing users to send USDC on Algorand to any card globally without traditional remittance fees or settlement delays.
- Developers building on Algorand, from challenger banks to remittance providers to next-generation payment apps, can leverage Wirex’s stablecoin infrastructure to access card issuance, banking connectivity, and FX services through a unified API, accelerating the creation of real-world financial products powered by Algorand.
“This partnership brings stablecoin payments to the mass market,” said Pavel Matveev, Co-Founder of Wirex. “By integrating USDC on Algorand into Wirex’s infrastructure and developing Algorand-native payment rails, we’re enabling 7 million users to transact globally, with 1:1 fiat conversion, zero-fee FX, and instant on-chain settlement. It’s how stablecoins become usable as money, not just digital assets.”
Financial Technology Insights: MoneyHero Partners With HashKey to Expand Digital Asset Access
“Algorand was designed for powering instant, real-time transactions on chain,” said Min Wei, Chief Business Officer of the Algorand Foundation. “Partnering with Wirex brings the ability to use USDC on Algorand to millions of users for payments, business transactions, and global remittances. We’re excited to see this expansion of USDC on Algorand in payments.”
Financial Technology Insights: Bybit, Mantle & Aave Unite to Expand Global DeFi Liquidity
This partnership positions Algorand as a core pillar of Wirex’s multi-chain stablecoin infrastructure, connecting blockchain networks with Visa, Mastercard, banks, and global FX providers into a unified, programmable payment layer. Together, Wirex and Algorand are advancing a new global standard for stablecoin-powered payments, one that is fast, transparent, and accessible to everyone.
To share your insights with the FinTech Newsroom, please write to us at info@intentamplify.com
Source : prnewswire