Wirex BaaS Doubles Onchain Card Spend to $2B in 110 Days

A faster second billion

The first $1 billion in annualised card spend took 131 days, a mark hit in April. The second took just 110. Card spend grew 28% month-on-month in July, and Wirex BaaS says it processed more than 7 million stablecoin card purchases onchain over the last six months.

Seventy clients and counting

Since launching in November 2025, Wirex BaaS has signed more than 70 clients, including BingX, Barca Mobile, Send, Lobstr Wallet, Cardano, COCA, Folks Finance, Kolo, GoMining, uTorg, and Sophon. The firm says it's adding more than 15 new partners every month.

What principal membership buys

Wirex BaaS is one of the few crypto-native platforms holding both Visa and Mastercard principal membership. That means its partners can issue cards without routing through an intermediary bank. Delphi Digital's Framework for Crypto Neobanks named Wirex BaaS one of only three full-stack issuers globally.

The stack on offer

Through a single integration, Wirex BaaS offers card issuance, corporate IBANs, 1:1 fiat-stablecoin conversion, cross-border payouts, push-to-card payments, yield, and real-time settlement — all on stablecoin rails. Wirex itself counts more than 8 million users and has processed over $20 billion in transactions across 130 countries since its founding in 2014.

The second $1 billion in annualised spend arrived 21 days faster than the first, and the company is adding more than 15 partners a month. Whether that curve keeps steepening is the number to watch.

Let me count words. That's roughly... let me estimate. Lead ~65 words, section 1 ~45, section 2 ~45, section 3 ~55, section 4 ~55, ending ~30. Total ~295. That's too short. I need 450-700 words. Let me expand each section with more detail from the facts, and add a bit more context. Actually, let me re-read the facts to see what I can legitimately expand on. I can expand on: - The specific partner names - The full list of features in the stack - The 7 million purchases - The 28% MoM growth - The Delphi Digital recognition context (framework for crypto neobanks) - Wirex's broader stats (8M users, $20B transactions, 130 countries, founded 2014) Let me expand: Lead: Wirex BaaS, the banking-as-a-service arm of crypto payments firm Wirex, said its annualised onchain card spend volume has doubled past $2 billion in 110 days — arriving faster than the first $1 billion, which took 131 days back in April. The company also reported adjusted annual stablecoin settlement volume above $10 trillion, up 63% year-on-year, as stablecoin rails continue to eat into traditional card networks. Hmm, that last bit is editorializing. Let me be careful. Lead: Wirex BaaS, the banking-as-a-service arm of crypto payments firm Wirex, said its annualised onchain card spend volume has doubled past $2 billion in 110 days — arriving faster than the first $1 billion, which took 131 days back in April. The company also reported adjusted annual stablecoin settlement volume above $10 trillion, up 63% year-on-year. That's good. Section 1 - A faster second billion: The first $1 billion in annualised card spend took 131 days, a mark hit in April. The second took just 110. Card spend grew 28% month-on-month in July alone, and Wirex BaaS says it processed more than 7 million stablecoin card purchases onchain over the last six months. Section 2 - The partner pipeline: Since launching in November 2025, Wirex BaaS has signed more than 70 clients. The list spans exchanges and wallets — BingX, Lobstr Wallet, Cardano, COCA, Folks Finance, Kolo, GoMining, uTorg, Sophon — along with telecom-adjacent plays like Barca Mobile and Send. The firm says it's adding more than 15 new partners every month, a clip that suggests the 70 figure will climb quickly through the rest of 2026. Wait, "telecom-adjacent" — Barca Mobile is probably FC Barcelona's mobile brand. I shouldn't speculate. Let me just say "including BingX, Barca Mobile, Send, Lobstr Wallet, Cardano, COCA, Folks Finance, Kolo, GoMining, uTorg, and Sophon." Section 3 - What principal membership buys: Wirex BaaS is one of the few crypto-native platforms holding both Visa and Mastercard principal membership. That distinction matters for its clients: partners can issue cards without routing through an intermediary bank, which typically means faster launch timelines and fewer layers of fees. Delphi Digital's Framework for Crypto Neobanks named Wirex BaaS one of only three full-stack issuers globally — a category that requires the full card-issuing stack, not just a reseller arrangement. Hmm, "which typically means" — is that grounded? It's a reasonable inference but I should be careful. Let me rephrase: "That distinction means partners can issue cards directly, without routing through an intermediary bank." That's a factual statement about what principal membership means. Section 4 - The stack on offer: Through a single integration, Wirex BaaS offers card issuance, corporate IBANs, 1:1 fiat-stablecoin conversion, cross-border payouts, push-to-card payments, yield, and real-time settlement — all on stablecoin rails. Wirex itself counts more than 8 million users and has processed over $20 billion in transactions across 130 countries since its founding in 2014. Ending: The second $1 billion in annualised spend arrived 21 days faster than the first, and the company says it's adding more than 15 partners a month. Whether that curve keeps steepening is the number to watch. That's still short. Let me add more. Actually, let me reconsider. The word count needs to be 450-700. Let me add a bit more context and depth. I could add a section about the significance of the $10T settlement volume. Or I could add more detail about what "full-stack issuer" means. Let me also mention the 28% MoM growth more prominently. Let me restructure slightly: Lead: ~65 words Section 1: "The second billion came faster" — expand on the numbers. - First billion: 131 days, April - Second billion: 110 days - 28% MoM growth in July - 7M purchases in 6 months Section 2: "Seventy partners and a monthly cadence" - 70+ clients since Nov 2025 - 15+ new per month - Names Section 3: "Rare Visa and Mastercard principal membership" - One of few crypto-native platforms with both - Delphi Digital named it one of three full-stack issuers globally Section 4: "The full stack on stablecoin rails" - Card issuance, IBANs, conversion, payouts, push-to-card, yield, settlement - Wirex overall stats Ending: The trajectory note. Let me write it out more fully: --- Lead: Wirex BaaS, the banking-as-a-service arm of crypto payments firm Wirex, said its annualised onchain card spend volume has doubled past $2 billion in 110 days — arriving faster than the first $1 billion, which took 131 days back in April. The company also reported adjusted annual stablecoin settlement volume above $10 trillion, up 63% year-on-year.

The second billion came faster

The first $1 billion in annualised card spend took 131 days, a mark Wirex BaaS hit in April. The second took just 110. Card spend grew 28% month-on-month in July alone, and the platform recorded more than 7 million stablecoin card purchases processed onchain over the last six months. The acceleration is notable: each additional billion is arriving on a shorter timeline, not a longer one.

Seventy partners and a monthly cadence

Since launching in November 2025, Wirex BaaS has signed more than 70 clients. The list spans exchanges, wallets, and payment apps — BingX, Barca Mobile, Send, Lobstr Wallet, Cardano, COCA, Folks Finance, Kolo, GoMining, uTorg, and Sophon among them. The firm says it's adding more than 15 new partners every month, a pace that would push the count well past 100 before the end of the year.

Wait, "would push the count well past 100 before the end of the year" — that's a projection. Is that grounded? 70 + 15*4 (Aug-Dec = 5 months) = 145. Actually Aug to Dec is 5 months, so 70 + 75 = 145. That's a reasonable extrapolation but I'm making a calculation. Let me be careful. The facts say "15+ new partners signed every month." If that holds, 70 + (15 * ~5 months) = ~145. That's a projection. I could say "a pace that, if it holds, would push the count well past 100 by year-end." That's a fair extrapolation. But I should be careful about making projections. Let me keep it simpler: "a clip that shows no sign of slowing." Hmm, that's editorializing. Let me just say: "The firm says it's adding more than 15 new partners every month." and leave it.

Rare Visa and Mastercard principal membership

Wirex BaaS is one of the few crypto-native platforms holding both Visa and Mastercard principal membership. That distinction matters for its clients — partners can issue cards directly, without routing through an intermediary bank. Delphi Digital's Framework for Crypto Neobanks named Wirex BaaS one of only three full-stack issuers globally, a group defined by owning the full card-issuing stack rather than reselling another firm's infrastructure.

The stack on stablecoin rails

Through a single integration, Wirex BaaS offers card issuance, corporate IBANs, 1:1 fiat-stablecoin conversion, cross-border payouts, push-to-card payments, yield, and real-time settlement. The pitch is simple: a partner gets the whole financial stack on stablecoin rails without stitching together multiple vendors. Wirex itself counts more than 8 million users and has processed over $20 billion in transactions across 130 countries since its founding in 2014.