Wirex and Crossmint announced an alliance to deploy on-chain payments infrastructure with stablecoins on non-EVM networks, starting with Stellar. The move seeks to bring bank-level settlements and programmable payments tools to new ecosystems. The companies set goals to expand to 20+ networks over time.
The integration relies on Crossmint’s unified “smart accounts” infrastructure, which allows orchestrating programmable accounts and native wallets across multiple chains from a single SDK. A “smart account” is a contract-based account that automates control, signing and spending rules on-chain in a single layer.
Wirex will deploy its stablecoin payments suite on Stellar as a first step, with dual settlement in USDC and EURC for Visa payment integrations. The proposal includes card acceptance at more than 80 million Visa merchants, fiat↔stablecoin 1:1 conversion without spreads, cross-border transfers without fees and on/off-ramps to local banking rails (ACH, SEPA, FPS), according to official communications.
For businesses, programmable flows, treasury automation and agent- and large-scale commerce-oriented capabilities are enabled. Daniel Rowlands, General Manager of Wirex Pay, stated: “Partnering with Crossmint allows Wirex to bring our stablecoin infrastructure to non EVM chains at scale.” Denelle Dixon, Chief Executive Officer of the Stellar Development Foundation, noted that the launch with dual settlement on Stellar is a step forward for the real utility of stablecoins in cross-border payments.
Operational impact and risks for treasuries and traders
The alliance promises to reduce engineering time by centralizing multichain orchestration via an SDK, which, according to the companies, shortens deployments from months to weeks. For treasuries, the practical advantages are automation of programmable payments and the ability to keep on-chain liquidity with access to traditional banking rails; for traders and market operators, the additional interoperability can alter the dynamics of flows and liquidity between networks.
Crossmint already has enterprise use cases that validate its technology: involvement in remittance solutions with MoneyGram that integrate USDC on Stellar in Colombia, and its platform provides compliance controls such as licensing, AML and KYT, according to cited communications. The company is backed by institutional investors such as Ribbit Capital and Franklin Templeton, which reinforces its positioning as an infrastructure provider.
There remain, however, relevant risks: multichain adoption requires technical harmonization and regulatory acceptance in different jurisdictions, and the effectiveness of compliance tools will depend on operational integration with banks and local processors. Fragmentation does not disappear automatically; its mitigation requires coordinated deployments and continuous validation in production.
The alliance between Wirex and Crossmint constitutes a step aimed at expanding the practical utility of stablecoins outside the EVM domain, with Stellar as the first scale laboratory and with expansion targets to more than 20 networks.
