use case
Access to Fiat
United States



Wyre serves as a bridge for fintech companies and projects between the fiat world and blockchain ecosystem via their full suite of APIs, including an instant fiat-to-crypto checkout gateway that allows builders to develop financial applications from the ground up. By covering compliance, licensing, regulation, liquidity, and payment processing, Wyre empowers their partners to develop their products to their fullest potential on blockchain. 


Thousands of wallets, exchanges, payment processors, and marketplaces use the world’s leading digital dollar stablecoin, USD Coin (USDC), to power payments on blockchain. However, without sufficient capital or support, fintechs and developers are unable to take advantage of USDC on chains that command high network/gas fees such as Ethereum. Building products and services on these chains can be costly and inefficient, with astronomical transaction fees blocking new entrants from their ecosystems or network outages preventing businesses from maintaining a steady flow of payments.

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"Stellar's community is amazing, and its members are deeply entrenched into the ecosystem. There are a lot of deep believers and opportunities in the Stellar ecosystem, and we're really proud to be part of that."
Ioannis Giannaros
CEO & Co-founder of Wyre


Businesses on Stellar tend to focus on payment use cases such as remittances or corporate disbursements. , a crypto infrastructure provider with a full suite of APIs, has always been more interested in equipping these businesses with the tools they need to bring their projects to life on Stellar. 

Over time, Wyre noticed how this barrier to entry was hurting new entrants and sought to increase accessibility to other USDC offerings. By natively integrating USDC with Stellar capabilities into its API, Wyre allows developers and businesses to move money between the world’s leading digital dollar stablecoin and local fiat currencies, making use of Stellar’s low fees, speed, and reliability to provide end-users a positive experience.

On top of its suite of APIs, Wyre offers businesses and developers innovative products that leverage USDC on Stellar. One such product is Wyre Checkout, which offers credit & debit card onramps to XLM and USDC on Stellar in nearly 60 countries. 

Speed, Low Transaction Fees, and the Stellar Decentralized Exchange (DEX)

  • Wyre initially relied on Bitcoin or exchange markets to support USD<>MXN, one of Wyre’s biggest corridors for cross-border payments. However, these entities command high transaction fees while delivering slow transaction speeds.
  • With USDC on Stellar, Wyre can take advantage of the Stellar DEX and the network’s low fees, high speed, and reliability, achieving favorable foreign exchange rates and moving money quickly. By leveraging liquidity from both custodial exchanges and the Stellar DEX, with trusted anchors on each end, Wyre can provide better, faster, and less expensive service to its customers. 


  • What distinguishes Stellar from other blockchains is its interoperability and unique network of anchors – financial institutions that can issue assets on Stellar and/or offer on/off ramps to the network. Anchors set up infrastructure on Stellar that enables products and services to offer in-app deposits and withdrawals by following best practices specified in open-source Stellar Ecosystem Proposals (s).
  • Becoming a USDC anchor on Stellar was a no-brainer for Wyre. Using (“Hosted Deposit and Withdrawal”), whenever Wyre takes a payment in fiat, whether it’s from a card or bank, Wyre can convert it into USDC on Stellar which it then transfers to a Stellar-enabled wallet and vice versa.

    Global Expansion and Access to Markets

    • Having established a USD<>MXN corridor, Wyre will focus on building new corridors between USDC and other currencies and jurisdictions. Establishing these new corridors allows other businesses on Stellar to take advantage of the new on/off ramps and expand its services to different markets. The Stellar network and ecosystem is primed to grow substantially via these on/off ramps into new markets.
    Matt Dale

    Senior Solutions Engineer at Wyre


    increase in YoY Transactional Growth ($)
    YoY Transaction Growth
    Joint Partners

    By establishing additional corridors, improving upon their existing products, and innovating on new ones, Wyre empowers fintechs and developers to connect their own products to all of Stellar and its anchors, gaining access to many more digital assets beyond just USDC on Stellar.

    For example, Wyre has partnered with the Settle Network, a digital assets settlement network and Stellar anchor, utilizing the Stellar network to onboard Brazilian and Argentine currencies into digital assets. Through this collaboration, Wyre has gained greater traction in the strong Latin American crypto infrastructure and is able to offer its services to local businesses and developers looking to build on blockchain. 

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