Wirex Joins Visa’s EURC Stablecoin Pilot for Real-Time Cross-Border Payments in Europe

Wirex, a leading Web3 financial services provider, has announced its participation in Visa’s stablecoin settlement pilot program, enabling EURC-based transactions across Europe. The collaboration, disclosed on August 13, 2025, allows for real-time cross-border payments using EURC, a stablecoin issued by Coinhouse and pegged 1:1 to the euro. The move leverages blockchain technology to streamline digital payments and reduce dependency on traditional settlement mechanisms [1][2].

According to Wirex, this initiative is part of its broader strategy to enhance Web3 payment solutions across the European market. By incorporating EURC into its platform, the company aims to offer faster, more transparent transactions to its users. Visa, meanwhile, continues its exploration of stablecoins as a potential cornerstone of the evolving digital payment landscape. The firm has previously worked with other financial institutions and fintechs to test blockchain-based solutions, including tokenized assets and cross-border transactions [2][4].

EURC is notable for its full collateralization in euros, distinguishing it from more volatile cryptocurrencies. This characteristic has led to growing institutional interest in stablecoins as a secure and stable means of value transfer. Wirex has also emphasized its commitment to regulatory compliance, particularly in the U.S., where it recently launched Bridge.XYZ to facilitate stablecoin payments via Visa. The platform adheres to anti-money laundering (AML) and know-your-customer (KYC) standards, further reinforcing its institutional credibility [5].

The partnership reflects broader trends in the adoption of blockchain for financial infrastructure. Financial institutions and central banks globally have shown interest in leveraging blockchain for faster and more cost-effective settlements. The long-term success of EURC and similar stablecoins, however, will depend on continued regulatory support and widespread user acceptance [1][3].

As interest in blockchain-based payments grows, Wirex’s collaboration with Visa highlights the ongoing convergence of traditional finance and decentralized technologies. This development could set a precedent for more efficient cross-border transactions and encourage other financial institutions to explore similar partnerships. With the global financial landscape evolving rapidly, stablecoins may soon play a more prominent role in everyday commerce [1][2].

Sources:

[1] VISA Inc – News | Aktienkurs | US92826C8394 | A0NC7B, https://www.boersentreff.de/visa-aktie.htm

[2] Wirex Expands Web3 Payments in Europe with Visa-Backed EURC Settlements, https://www.finanznachrichten.de/nachrichten-aktien/visa-inc.htm

[3] V - Visa Inc Options, https://finviz.com/quote.ashx?t=V&ty=oc

[4] Wirex to Support EURC Settlements Through Visa Stablecoin Settlement Pilot, https://www.crowdfundinsider.com/tag/stablecoin-settlement/

[5] Stablecoin Payment App Wirex Enters the US Market With Bridge.XYZ, https://www.coinbase.com/en-in/price/dai