Global payments platform Wirex has officially reached a major milestone on its Banking-as-a-Service (BaaS) platform, processing over $1billion in annualised onchain stablecoin volume in a mere 131 days. The achievement highlights a surging market demand for robust payment infrastructure as stablecoins increasingly integrate into everyday corporate and consumer finance.
Stablecoin adoption is currently accelerating at a rapid pace, with the monthly transfer volume for non-USD stablecoins surging 16x between 2023 and 2026. While 80 per cent of this activity is driven by real-world use cases like payments, payroll, and settlement, many firms are prevented from building these complex products in-house due to severe resource and budget constraints.
Consequently, businesses are increasingly turning toward trusted, regulated infrastructure providers like Wirex to power their operations.
Democratising stablecoin infrastructure
Launched in November 2025, Wirex BaaS was specifically designed to solve modern integration challenges. The platform enables fintech apps, neobanks, and digital platforms to offer a comprehensive suite of regulated financial products through a single API.
These integrated capabilities are built entirely on stablecoin rails and include:
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Stablecoin-funded cards connected directly to global Visa and Mastercard networks.
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Seamless cross-border payouts and push-to-card payments.
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Instant 1:1 fiat-to-stablecoin conversion.
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Embedded stablecoin banking infrastructure, featuring yield and cashback options.
Wirex stands out as the only stablecoin BaaS provider with principal membership in both Visa and Mastercard for dual USDC and EURC settlement. According to the company, interest has surged since its launch, with the platform already securing over 300 enterprise clients, including Simple App, Trustee, and Cardano.
Shattering industry records
The rapid adoption of the BaaS platform has led to unprecedented growth metrics. Wirex reached the $1billion annualised volume milestone in less than half the time of its leading competitors, easily surpassing RedotPay’s previous industry record of 276 days.
Key performance highlights for the platform include:
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Processing $105million in onchain card volume in March alone, which is equivalent to approximately $1.3billion annualised.
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Achieving a massive 34 per cent growth in onchain card volume from February to March.
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Processing over 2.4 million onchain transactions since launch, with nearly 1.3 million onchain card transactions occurring in March alone.
Pavel Matveev, CEO and co-founder, Wirex
Wirex noted that its March transaction numbers comfortably exceed the combined figures reported by competitors Rain and RedotPay during the same period. The company attributes this success to its comprehensive stack; while competitors offer narrow slices of infrastructure, Wirex prevents customers from having to integrate with multiple platforms, saving them significant time and money on compliance and operations.
Pavel Matveev, co-founder of Wirex, emphasised the platform’s unique and highly scalable market position.
“Stablecoins are transforming financial services, and Wirex is enabling platforms globally to adopt them as real payments infrastructure,” Matveev stated. “We provide what competitors can’t: full-stack integration, backing from the biggest payment networks, and a decade‑long track record of compliance and innovation.”
Matveev added: “With an average integration time of just 44 days, partners are choosing Wirex because they need a fast, trusted solution that scales globally.”
Looking ahead
Wirex continues to expand its product offerings to bridge traditional and digital finance. The company recently launched stablecoin push-to-card services for its BaaS customers, alongside “Wirex Agents” to support stablecoin-powered agentic payments.
Trusted by over 7 million users since 2014, the firm has processed more than $20billion in transactions across 130 countries, remaining steadfast in its mission to build the world’s most advanced stablecoin‑powered payments platform.
