GettyFCA-regulated payment platform, Wirex, has announced today the launch of 26 fiat-backed stablecoins on the Stellar Network. The first stage of collaboration between Wirex and Stellar will be the launch of Stellar’s native asset, Lumens (XLM) on the Wirex platform. We are thrilled to add XLM to the Wirex platform, and even more excited to release our industry-first Wirex stablecoins,” said Matveev. For instance, Wirex stablecoins will be available to over 2 million retail and 5 thousand corporate customers across more than 130 countries worldwide. These stablecoins can then be spent using Wirex Visa card, redeemed into bank accounts or spent directly with merchants who accept fiat-backed tethers,” said Matveev.

Source: Forbes April 25, 2019 09:00 UTC