January 26, 2026

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Wirex to Develop 26 Stablecoins on Stellar Following Listing of XLM

Wirex to develop 26 stablecoins on stellar following listing of xlm

Wirex to Develop 26 Stablecoins on Stellar Following Listing of XLM

Wirex to develop 26 stablecoins on stellar following listing of xlm

Wirex and Stellar have entered into a potentially long-term partnership as it was announced on April 24, 2019, that XLM has been added to the Wirex roster as well as the future creation of 26 stablecoins.

Teaming Up

Great news for Stellar users as XLM has now been added to the Wirex platform as announced on April 24, 2019.  

This marks the fifth top-ten cryptocurrency that will be joining the Wirex platform and brings the total number of tokens on the platform to nine. Stellar also reported that they had taken care of an inflation bug that they suffered from back in April 2018 and were also recently added to the ate.io platform along with Monero (XMR).

As per the press release, it was stated that the addition of the XML token to the Wirex platform is mainly the first step for their new partnership between Wirex and Stellar in which the latter will create 26 fiat-backed stablecoins on its network. 

This also represents a new era in the stablecoin market itself. Stablecoins are often backed by USD, but Wirex is seeking to change that by making an array of stablecoins in various local currencies including the dollar, the euro, the British pound and so on.

This will allow for the quick and easy international remittance without any local liquidity providers and also allows the efficient conversion into local currency.

The currencies will also be used at ATMs and various merchants by being added to the Wirex Visa card. On top of this, they will be the first stablecoins that can be instantly converted to digital or traditional currencies at OTC rates.

The also touched on why Stellar was chosen among the many cryptocurrencies on the market to be added to the Wirex platform. The reasons included Stellar’s protocol features that have an inbuilt compliance framework to ensure strict adherence to regulations. 

Also noted was their high transaction rate in which Stellar manages about 1,000 transactions per second compared to the majority of stablecoins which process 25 transactions per second.

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Published at Fri, 26 Apr 2019 12:00:31 +0000

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Blockchain technology, and specifically, the idea of a value-transport enabled internet is no longer new. Looking at the recent history of the space, we see a hockey stick of innovation and investment.

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Two years on, having been immersed in the world of Ethereum, interviewed hundreds of people for podcasts, articles and videos and worked for the largest blockchain centric company in the world – ConsenSys, a disturbing reality has become apparent. We have not moved on from the paradigm of 2014, and the Ethereum scaling roadmap will not provide the performance new use cases need to emerge.

In future episodes of The Third Web, we will examine blockchain scaling, and ask the questions: What are the design trends bringing greater transaction supply to the market? What new business models will this enable? What new services can we expect to see, and what products will be built using those services?

Meher Roy was a virologist working in the vaccines industry when we first spoke in 2014. Today he is focussed full time on the blockchain space and hosts the excellent Epicenter podcast.

Tim Swanson was director of market research at R3 for two years and has recently founded his own research company, Post Oak Labs

That was it! The first episode of The Third Web! A big thanks to Breakmaster Cylinder for the tunes. No social, email, or web accounts just yet but you can reach me on twitter @arthurfalls. Of course you should subscribe on itunes or your favorite podcast manager. this feed will probably still be called The Ether Review but it will update in time.

https://twitter.com/ofnumbers

https://twitter.com/MeherRoy

https://en.wikipedia.org/wiki/Hawala

*Trivial issuance of a useful asset episode

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