Wirex Brings Stablecoin Payments to US with Bridge.XYZ

Coin WorldWednesday, Mar 5, 2025 9:10 pm ET

1min read

Stablecoin Payment App Wirex Enters the US Market With Bridge.XYZ

Wirex, a popular stablecoin payment app, has expanded its services to the US market. The app now allows US residents to use their stablecoins for daily transactions via visa Cards. This move is supported by Wirex's collaboration with Bridge, a leading stablecoin payment infrastructure provider.

Through this partnership, Wirex Pay enables users to transact directly from non-custodial wallets using cards and bank transfers while maintaining full control of their assets. Wirex co-founders Pavel Matveev and Dmitry Lazarichev attributed the expansion to growing consumer demand for stablecoin payments and the increasing adoption of digital assets for everyday transactions.

Earlier this year, US payment giant Stripe acquired Bridge in a landmark $1.1 billion deal. With Wirex's expansion, US consumers can now use stablecoins at over 80 million Visa-accepting merchants across 200 countries.

Wirex Pay's co-founder highlighted the US as a key market due to its large base of active crypto users. They anticipate strong adoption in 2025 as stablecoins gain wider acceptance. This move is expected to drive higher transaction volumes and contribute significantly to revenue growth.

US lawmakers are increasingly focused on stablecoin regulations, which could accelerate market growth. In February, CFTC Commissioner Caroline Pham announced a CEO Forum to develop crypto regulations, strongly emphasizing stablecoins. Leading industry players, including Circle, Coinbase, and Ripple, are participating in discussions to help shape policies through a regulatory framework.

Bank of America is also monitoring developments closely. CEO Brian Moynihan stated that the bank could introduce a stablecoin if favorable regulations are enacted. The stablecoin market recently surpassed a record $225 billion market cap. Regulatory clarity could push adoption further.

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