Wirex has unveiled a new stablecoin app aimed at everyday users who want faster payments, stronger privacy, and direct control over their funds.
A broader push into onchain finance
The global onchain financial services platform introduced Wirex One alongside a new litepaper that sets out its plan for a more comprehensive financial stack. However, the company says the goal is to support the next generation of global payments and settlement.
That ambition lands in a market already moving fast. According to a recent Morph report, stablecoins now facilitate $33 trillion in annual transaction volume, exceeding Visa and Mastercard combined. More than 70% of that activity comes from real-world payments, payroll, and B2B settlement.
Wirex says its chain-agnostic architecture supports a wider ecosystem that includes Wirex BaaS, Wirex Business, Wirex Private, and Wirex Agents. Together, those products form a stablecoin infrastructure stack for business and retail users.
What Wirex One brings together
The company says Wirex One combines a neobank-style interface with a fully onchain design. Moreover, it relies on Circle’s Arc, a stablecoin-optimised Layer 1 blockchain, and Privy, the non-custodial wallet provider. The aim is to deliver instant settlement, enterprise-grade security, and privacy preserving transactions without seed phrases.
Wirex says the app will offer features that are usually spread across several products. Those include a stablecoin-funded card, rewards paid instantly in USD, stablecoin yield options, fee-free FX, ATM withdrawals, and enterprise-grade security.
It also plans to add tokenised equities and perpetual trading shortly after launch. Moreover, rewards will be instantly spendable through Wirex’s crypto-enabled card, which avoids the volatility and lock-ups seen in some competitor cashback programmes.
In a broader sense, the company is positioning the product as a consumer finance platform with digital asset ownership at its core. That approach is designed to make onchain financial services feel closer to mainstream banking.
Leadership vision
Pavel Matveev, CEO of Wirex, said the traditional financial system needs updating because liquidity is fragmented and transactions remain inefficient. He added that stablecoins and onchain settlement are changing that structure.
He also said the litepaper outlines the infrastructure needed for mass adoption and supports Wirex’s goal of becoming a financial super app. However, he argued that users increasingly want autonomy as regulatory oversight rises and counterparty risk grows.
Wirex said the new app brings those benefits into a mainstream banking experience. It also said many competing platforms simply bolt stablecoins onto legacy systems, while Wirex One is built entirely onchain from the start.
Wirex One will be released publicly in the coming weeks after final testing, with full details due at launch.
