Wirex Launches Stablecoin Neobank to Serve Mass Affluent
Wirex has launched its latest product, Wirex One, which it describes as a 'stablecoin neobank'. This means that Wirex One offers a range of financial services, including crypto and stablecoins, through a digital app. The goal is to serve the mass affluent by providing private banking services, similar to those offered by traditional banks.
The company claims to have processed over $20 billion in transactions across 130 countries since its launch in 2014. Wirex One will be available on the Arc blockchain, which launched its public mainnet on September 16, 2026, with Wirex named as a payments/settlement partner prior to the launch.
Pavel Matveev, Co-Founder & CEO of Wirex, states that fintech apps are being built on stablecoin rails because they require similar foundations, including accounts, settlement, and yield. Wirex's vision is to build an onchain suite of financial services for consumers and businesses on their stablecoin infrastructure.
Wirex One is not available in all countries.