Wirex Hits $1 Billion Stablecoin Volume in Record Time, Signaling Surge in Onchain Payments

Wirex has reached a major milestone in the rapidly evolving stablecoin economy, processing over $1 billion in annualised onchain stablecoin volume in just 131 days through its Banking-as-a-Service (BaaS) platform.

The achievement underscores accelerating demand for scalable payment infrastructure as stablecoins move from niche use cases into mainstream financial applications.

Rapid Growth Driven by Real-World Use Cases

Stablecoin adoption has surged in recent years, with non-USD stablecoin transfer volumes increasing 16-fold between 2023 and 2026. Around 80% of activity is now tied to practical use cases such as payments, payroll, and cross-border settlements.

However, many companies lack the resources to build such infrastructure internally, driving demand for turnkey platforms like Wirex’s BaaS solution.

Full-Stack Stablecoin Infrastructure

Launched in November 2025, Wirex’s BaaS platform enables fintech firms, neobanks, and digital platforms to integrate regulated financial services via a single API. Key capabilities include:

• Stablecoin-funded cards linked to Visa and Mastercard networks
• Cross-border payouts and push-to-card payments
• Instant 1:1 fiat-to-stablecoin conversion
• Embedded banking features such as yield and cashback

Wirex is among the few providers offering dual USDC and EURC settlement with principal membership in both major card networks, giving it a competitive edge in global payments integration.

Record-Breaking Performance Metrics

The platform’s adoption has been swift, surpassing previous industry benchmarks:

• $105 million in onchain card volume processed in March alone (~$1.3 billion annualised)
• 34% month-over-month growth in onchain card volume
• Over 2.4 million total onchain transactions since launch
• Nearly 1.3 million card transactions in March

Wirex also reported outperforming competitors such as Rain and RedotPay in transaction volumes during the same period.

Enterprise Adoption and Market Position

The platform has already attracted 300+ enterprise clients, including fintech and blockchain-focused firms, reflecting strong demand for integrated, compliant infrastructure.

CEO and co-founder Pavel Matveev emphasized the company’s positioning:

“Stablecoins are transforming financial services, and Wirex is enabling platforms globally to adopt them as real payments infrastructure.”

He added that the company’s average integration time of 44 days is a key differentiator for businesses seeking rapid deployment.

Expanding the Ecosystem

Wirex continues to build out its offerings, recently introducing:

• Stablecoin push-to-card services
• “Wirex Agents” for agentic, AI-driven payments

Since its founding in 2014, Wirex has processed over $20 billion in transactions across 130 countries and serves more than 7 million users globally.