Wirex has reached over $1 billion in annualised onchain stablecoin volume in 131 days on its Banking-as-a-Service (BaaS) service. We’ve achieved this in less than half the time taken by leading competitors, a milestone that reflects surging demand for our infrastructure and the growing role of stablecoins within everyday financial services.
Wirex BaaS’s Growth Highlights
Processed $105 million in onchain card volume in March, equivalent to ~$1.3 billion annualised. Wirex reached $1 billion in annualised volume just 131 days after launch, surpassing RedotPay’s previous industry record of 276 days to reach the same
Achieved 34% growth in onchain card volume from February to March
Processed over 2.4 million onchain transactions since launch, including nearly 1.3 million onchain card transactions in March alone. This exceeds combined transaction numbers reported by Rain and RedotPay that month
Volume is fully transparent and publicly verifiable onchain via Payment Scan.
Why is Wirex BaaS Growing in Popularity?
Stablecoin adoption is accelerating rapidly, with monthly transfer volume for non‑USD stablecoins increasing 16x from 2023-2026. 80% of this is driven by payments, payroll, and settlement, but resource and budget constraints often prevent firms from building these products in-house. This is driving them towards trusted, regulated infrastructure providers like Wirex.
Pavel Matveev, Wirex Co-Founder, said: “Stablecoins are transforming financial services, and Wirex is enabling platforms globally to adopt them as real payments infrastructure. 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. With an average integration time of just 44 days, partners are choosing Wirex because they need a fast, trusted solution that scales globally,”
What is Wirex BaaS?
Wirex BaaS was launched in November 2025, enabling fintech apps, neobanks and digital platforms to offer a full suite of regulated financial products, built on stablecoin rails, by integrating with a single API. This includes:
Stablecoin card issuance connected to global Visa and Mastercard rails
1:1 fiat–stablecoin conversion
Cross-border payouts
Push-to-card payments
Embedded stablecoin banking infrastructure
Wirex is the only stablecoin BaaS with Visa and Mastercard principal membership for dual USDC and EURC settlement, meaning demand for easy access to Wirex’s infrastructure has grown rapidly.
With over 300+ partners already, it’s built for platforms, fintechs and enterprise partners, the stack is designed to support programmable payment logic while keeping settlement transparent and auditable.
Find Out More About Wirex BaaS
Cryptoassets are high-risk and may result in total loss. Not financial advice