Wirex, the global stablecoin infrastructure platform, has achieved more than $2 billion in annualised onchain card spend volume on Wirex Banking-as-a-Service (BaaS), doubling its volume over the past 110 days. This follows Wirex becoming the fastest growing stablecoin infrastructure provider in April, when the company reached its first $1 billion annualised volume in 131 days.

Demand for embedded stablecoin functionality has grown exponentially, with adjusted annual stablecoin settlement volume reaching more than $10 trillion, up 63% year-on-year. Building that capability in-house requires regulatory authorisation, card network membership, and proven settlement infrastructure, and Wirex BaaS was created to remove those barriers.

Wirex BaaS has partnered with over 70 clients since launch in November 2025, including BingX, Barca Mobile, Send, Lobstr Wallet, Cardano, COCA, Folks Finance, Kolo, GoMining, uTorg, Sophon, with 15+ new partners being signed every month. As the only solution to offer a complete financial stack on stablecoin rails through a single integration, including card issuance, corporate IBANs, 1:1 fiat–stablecoin conversion, cross-border payouts, push-to-card payments, yield, and real-time settlement, it enables firms to scale their product-suite while retaining the usability and familiarity of traditional banking, without having to integrate across multiple providers.

According to PaymentScan, Wirex BaaS has recorded:

• Annualised card spend volume reaching over $2 billion annualised in July
• Card spend volume growing 28% month-on-month
• Over 7 million stablecoin card purchases processed onchain during the last 6 months

“The data proves how rapidly the global financial industry is transforming, and Wirex BaaS’ growing demand reflects that shift. With more than a decade of experience delivering digital asset services, and as one of the few crypto-native platforms to hold both Visa and Mastercard principal membership, we’ve built the regulatory foundation and technical infrastructure that platforms require. Businesses are no longer asking whether to build on stablecoin rails, but who to build with, and Wirex BaaS has become the category-leader to do this,” said Pavel Matveev, Wirex’s Group CEO and Co-Founder.

Today’s announcement follows Wirex’s inclusion in Delphi Digital’s Framework for Crypto Neobanks, which named Wirex BaaS as one of only three full-stack issuers globally. The report identifies full-stack issuers, which connect stablecoin rails to the existing financial system, and the model most likely to endure as the market consolidates.

Later this month, Wirex will extend its BaaS offering with an additional highly-demanded product built on stablecoin rails, available through the same single integration.

Data Source

Volume is fully transparent and publicly verifiable onchain via Payment Scan.

About Wirex

Wirex is a global onchain financial services platform building the world’s most advanced stablecoin infrastructure for the onchain era. Trusted by over 8 million users since 2014, Wirex has processed $20 billion+ in transactions across 130 countries, and is one of the only crypto-enabled platforms with Visa and Mastercard principal membership.

Wirex’s unified ecosystem includes Wirex One, Wirex BaaS, Wirex Business, Wirex Private, and Wirex Agents. For consumers, Wirex provides payment cards and banking features designed for everyday spending. For businesses, Wirex offers an end-to-end financial stack through a single Banking-as-a-Service API, enabling digital platforms to launch compliant, stablecoin-powered financial services, including stablecoin-based accounts, cards, payments, and yield.

Built on over a decade‑long track record of regulatory compliance, enterprise‑grade security and onchain innovation, Wirex is creating a financial system where money moves globally, instantly and without friction. The company aims to give consumers and businesses true ownership, privacy by architecture, and access to the next generation of global payments and settlement.

About Wirex BaaS

Wirex BaaS provides a non-custodial stablecoin payment layer designed to connect blockchain-native settlement to traditional financial rails on a global scale. The infrastructure supports:

• 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

With hundreds of partners in the pipeline, it’s built for platforms, fintechs and enterprise partners, and the stack is designed to support programmable payment logic while keeping settlement transparent and auditable.

More details can be found here.

Source: BeInCrypto