Wirex, the global leader in stablecoin payment infrastructure, announces a strategic partnership with the Algorand Foundation to bring Algorand’s USDC to over 7 million Wirex users and 80 million Visa-accepting merchants worldwide. The partnership marks a significant step toward mainstream adoption of stablecoin payments, combining Wirex’s global card and banking network with Algorand’s blockchain to enable fast, borderless, self-custodial payments built directly on-chain.
As part of this partnership, Wirex is developing payment infrastructure native to Algorand. With this infrastructure, all transactions are processed and settled entirely on the Algorand network. This enables a transparent, scalable, complete on-chain experience designed for the next generation of programmable and agentic payments.
Wirex and Algorand Foundation are working together to unlock the next real-world payments feature.
Wirex users will now be able to hold, send, and spend USDC with Algorand directly within the Wirex app, benefiting from Algorand’s efficiency and low fees along with Wirex’s intuitive user experience. Through the Wirex Visa Card, users can spend USDC with Algorand at over 80 million merchants worldwide, offering real-time exchange, zero exchange fees, and worldwide cashback benefits. Users can seamlessly move between fiat currencies and stablecoins via ACH, SEPA, FPS, and other local rails. This is supported by a 1:1 fiat-to-stablecoin conversion with no spreads, no hidden costs, and no friction. This integration enables instant, zero-fee cross-border payments, allowing users to transfer Algorand USDC to any card worldwide without traditional transfer fees or settlement delays. From challenger banks to remittance providers to next-generation payment apps, Algorand-based developers can leverage Wirex’s stablecoin infrastructure to access card issuance, bank connectivity, and FX services through a unified API to accelerate the creation of real-world financial products powered by Algorand.
“This partnership brings stablecoin payments to the mass market,” said Pavel Matveev, co-founder of Wirex. “By integrating Algorand’s USDC into Wirex’s infrastructure and developing Algorand’s native payment rails, we will enable our 7 million users to transact globally with 1:1 fiat conversion, zero-fee FX, and instant on-chain payments. This will enable stablecoins to be used as money, not just digital assets.”
“Algorand was designed to power instant, real-time transactions on-chain,” said Ming Wei, Chief Business Officer of Algorand Foundation. “Our partnership with Wirex will enable millions of users to use USDC on Algorand for payments, business transactions, and global money transfers. We are excited to see USDC on Algorand expand in the payments space.”
This partnership positions Algorand as a core pillar of Wirex’s multi-chain stablecoin infrastructure, connecting blockchain networks with Visa, Mastercard, banks and global FX providers into a unified, programmable payments layer. Wirex and Algorand are working together to drive a new global standard for payments using stablecoins. It’s fast, transparent, and accessible to everyone.
About Wirex
Wirex is a prominent UK-based digital payments platform with over 6 million customers across 130 countries. It provides a secure account and allows users to easily and seamlessly store, buy, and exchange multiple currencies. As a leading member of Visa and Mastercard, Wirex goes beyond traditional services and embraces the evolving trends of Web3 to provide mainstream access to digital finance and wealth management. Wirex, which has processed a total of $20 billion in transactions, aims to contribute to the adoption of a cashless society by facilitating easy transactions in various currencies around the world. Wirex simplifies digital payments, making them more accessible and convenient for people around the world.
For more information, please visit wirexapp.com.
About Algorand Foundation
The Algorand Foundation’s mission is to enable a world where information is consistent and innovative ideas scale. Launched in 2019, the Algorand blockchain has grown into a vibrant ecosystem of developers, entrepreneurs, and corporate partners. Institutional certainty, low fees, and instant finality are attractive to the protocol’s millions of users, and developers appreciate the ability to use popular programming languages ​​such as Python and Typescript. Algorand’s builders are creating protocols and companies that solve critical problems globally, including tamper-proof on-chain authentication, instant payments in war and disaster zones, self-sovereign identity for disenfranchised people, supply chain traceability for global commerce, and asset tokenization.
To learn more and start your journey to Algorand, visit algorand.co.
