Stablecoins are increasingly being used for real-world payments, not just trading or onchain transfers. As adoption grows, the key question for platforms and fintech builders is no longer whether stablecoin payments work — but whether the infrastructure can scale reliably.
Wirex has shared a new milestone that highlights this shift. The company’s BaaS stablecoin infrastructure has surpassed $850 million in annualised onchain payment volume, just four months after launching in November.
The figure reflects payment activity processed through Wirex’s stablecoin rails and card infrastructure, and it is fully transparent and verifiable onchain via the public dashboard: https://paymentscan.xyz/issuers/wirex
Stablecoin Payment Volume Grew 10x — Even During a Market Slowdown
One of the most notable aspects of this growth is when it occurred.
During February, broader crypto markets experienced a downturn. Many stablecoin payment providers saw declining transaction activity during this period. However, Wirex reports that its infrastructure experienced 10x month-over-month growth in payment volume during the same timeframe.
This suggests that the increase is being driven by real usage rather than market speculation.
For payment infrastructure, that distinction matters. Transaction growth tied to market cycles can disappear quickly, but usage driven by real payments, settlements, and payouts tends to be more stable.
What $850M Annualised Volume Means for Stablecoin Payments
The $850 million annualised figure represents payment throughput executed through Wirex’s stablecoin rails and associated card-linked payment flows.
Unlike many payment systems that rely on internal reporting, these volumes are visible onchain, meaning partners and developers can independently verify payment activity.
For companies building payment products, measurable throughput matters because it demonstrates:
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Reliable execution under real transaction loads
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Infrastructure capable of scaling beyond pilot programs
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Operational transparency for partners and developers
In other words, it signals that stablecoin payments are moving from experimentation toward real infrastructure.
The Infrastructure Behind the Growth
Wirex BaaS is designed to connect blockchain-based settlement with traditional financial networks.
The stack provides partners with access to infrastructure including:
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Stablecoin card issuance connected to Visa and Mastercard rails
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1:1 fiat–stablecoin conversion
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Cross-border payouts
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Push-to-card payments
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Embedded stablecoin banking infrastructure
This allows fintech platforms, marketplaces, and digital services to integrate stablecoin payments while still connecting to global card networks and traditional banking systems.