Wirex Expands to the US Market Amid Stablecoin Regulation Talks
Popular Stablecoin The payment app Wirex has recently expanded to the U.S. market. The app will allow our residents to use their stablecoins for daily transactions via visa cards.
Like Wirex, many other Web3 platforms are increasingly looking to enter the U.S. market as lawmakers are pushing for regulatory clarity on Stablecoins.
Buy daily using Stablecoins among 80 million merchants
Wirex Entrance Its partnership with Bridge, a leading Stablecoin payment infrastructure provider, supports the U.S. market.
Through this partnership, Wirex Pay allows users to trade directly from non-custodial wallets using card and bank transfers, while maintaining full control of their assets.
Wirex co-founders Pavel Matveev and Dmitry Lazarichev told Beincrypto.
Earlier in 2024, the US payment giant Stripe acquires bridge for $1.1 billion landmark. With Wirex expanding, we Consumers can now use Stablecoins In 200 countries, more than 80 million businessmen with visas.
Wirex Pay co-founders highlighted the vast foundation of the United States as a major crypto user. They expect strong adoption in 2025 as sababalecoins gains wider acceptance.
This move is expected to drive higher transaction volumes and make a significant contribution to revenue growth.
“It’s too early to provide exact forecasts, but we are confident that the U.S. launch of Wirex Pay will be a key growth driver for our company in the coming years,” the co-founder said.
Regulatory development that shapes stable US market
U.S. lawmakers are paying more and more attention Stablecoin regulationswhich may accelerate market growth.
In February, CFTC Specialist Caroline Pham announces a CEO forum To formulate encryption regulations, stable regulations are strongly emphasized.
Leading industry playersincluding Circle, Coinbase and Ripple, are participating in discussions to help develop policies through regulatory frameworks.
at the same time, Bank of America is also monitoring development close. CEO Brian Moynihan said banks could introduce a stable person if favorable regulations were made.
Additionally, the Stablecoin market has recently surpassed a record $225 billion Market value. Regulatory clarity may further promote adoption.
Ultimately, this will help integrate Stablecoins more deeply into mainstream finance. As regulatory developments continue to grow, more Web3 businesses may want to expand to the U.S. market.
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