Wirex Launches Wirex One on Arc Blockchain, Expanding Stablecoin Payments

On July 22, Wirex announced a strategic partnership with Arc, Circle's Layer-1 blockchain, and launched Wirex One, a new application to support stablecoin-based banking and payment services. The integration will combine Wirex's payment infrastructure with Arc's blockchain for real-world stablecoin transactions using USDC and EURC.

The initial deployment will support non-U.S. card settlements through Wirex's existing payment network, where the company maintains principal memberships with both Visa and Mastercard. Wirex has processed over $20 billion in payment volume during its operations and aims to enhance stablecoin transfer efficiency and streamline cross-border payment experiences through the collaboration.