Wirex has publicly launched Wirex One, the first stablecoin neobank built for the mass affluent market, on Arc’s mainnet. The platform attracted over 20,000 users during a closed beta launched in June. Key features include a stablecoin-funded card with up to 8% cashback in USD, multi-currency accounts with fee-free FX, and access to yield products. The global private banking market is projected to grow by over 10% annually to reach $1.24 trillion by 2035. Wirex has achieved $2 billion in annualized card spend volume and serves 8 million users since 2014.
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