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PROGRAMMABLEMONEY

Six pieces of programmable money pulled apart layer by layer, and The Full Stack in the middle showing how they connect. Pick a world to open it.

ANATOMY OF ASTABLECOIN CARD

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Stablecoin card issuer · Anatomy of a Stablecoin Card

Wirex

A London company, founded in 2014, that launched one of the first crypto cards in 2015. It now runs stablecoin cards for other apps on its own Visa and Mastercard memberships, spending from self custody wallets.

Company
Wirex Limited
Network
Visa and Mastercard principal
Card volume
$239.5M in 30 days
Founded
2014
Licensed as
Wirex Limited is an FCA authorized e-money institution (2018). EEA distribution runs through UAB Wirex in Lithuania, crypto services through partners such as Crossmint in Spain, and Australian cards through Novatti.
BINs and regions
Mastercard principal since 2020; Visa principal member in Europe since Dec 2020; Visa member in Asia Pacific and the UK since Feb 2023. Australian cards go through Novatti. Wirex says 130+ countries. Balances in USD and EUR, more currencies in progress.
Card types
Debit cards on self custody smart wallets, plus corporate and co branded cards. Its 2026 litepaper lists collateral backed credit for Wirex One.
How programs fund it
Funds stay in the user's smart wallet on Base until a purchase, when Wirex holds and settles from it. Or the partner approves from its own ledger and Wirex debits a prefunded account.
Pays the network
Pays Visa in USDC and EURC on Stellar since Nov 2025. In 2026 it added Arc and Tempo as settlement chains for partner card flows.
Card volume
$1.4B all time and $239.5M in the last 30 days, onchain flows only (PaymentScan, Nov 3, 2026). Wirex says 7M+ users.
Programs it powers
Wirex One, Kolo, Send, Solid, BingX, Coca and others.
Pros
Principal on both Visa and Mastercard; USDC and EURC settlement with Visa; operating since 2014.
Cons
Regulated roles are split across many companies, so the issuer of record depends on the region; its EEA cards were disrupted in 2023 when a third party issuer lost its license; most figures are self reported.
Rules
The FCA supervises Wirex Limited, and Visa and Mastercard rules apply to its BINs. In some regions a local partner is the issuer.

More card issuers

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Public information as of September 2026, simplified. Not legal or investment advice. Open the full stablecoin cards world.

Sources291Created by Andres Lamothe