Visa Helps Wirex Provide Stablecoin Payments for BaaS Clients

Cryptocurrency card issuer and Banking-as-a-Service (BaaS) company Wirex has joined forces with Visa Direct.

“Wirex is taking stablecoin utility to the last mile — where payout experiences are won or lost,” the company said in a Wednesday (Feb. 18) news release. “Via Wirex BaaS APIs, partners can embed Stablecoin Push-to-Card and deliver stablecoin-funded payouts directly to recipients’ eligible cards worldwide, turning on a familiar ‘paid to card’ experience inside their products.”

The release argues this feature is especially relevant for businesses with distributed teams and international vendor networks, where the timing of payouts can directly affect retention, supplier relationships, and customer trust.

For platforms, this moves the “heavy lifting” away from assembling and maintaining local payout infrastructure across markets.

“Instead of building a patchwork of rails, integrations, and exception handling country by country, partners can use Wirex BaaS to support a card-first payout endpoint that scales internationally while keeping operational complexity behind the scenes,” the company said.

Wirex said its partners can enable Stablecoin Push-to-Card through Wirex’s BaaS in by entering the recipient’s 16-digit card number, picking the amount and currency. From there, funds will be available on the recipient’s card in seconds.

In other stablecoin news, PYMNTS wrote recently about the tokens’ growing reach into the corporate treasury space.

“Unlike card networks or real-time payment schemes, stablecoins can function as both a transfer mechanism and a store of value that moves across platforms without reconciliation friction,” that report said. “This means that stablecoins promise what treasurers call continuous liquidity, or the ability to reposition cash instantly, even outside banking hours. For organizations managing large working-capital cycles or operating in markets with underdeveloped payment rails, that capability can help reduce the need for short-term borrowing and improve visibility into global cash positions.”

In spite of early narratives that positioned stablecoins as disruptors to traditional finance, the market is shifting toward convergence, with the coins not offering a wholesale replacement of existing systems but rather an added settlement layer that operates in tandem with them.

“Two years ago, you had to re-explain what a stablecoin is,” Nassim Eddequiouaq, CEO at Bastion, told PYMNTS in an interview this month. “Now companies come with hard data. They know when they want to launch, where the stablecoin will be used, which corridors matter for treasury flows, and which jurisdictions they can’t accept microtransactions from.”