Digital payment platform Wirex has bolstered its offering with six new stablecoins, billing the additions as ‘a great option ‘ for crypto newcomers.
Through the enhanced offering the firm has underlined its commitment to expanding digital currency further into the mainstream.
It comes as Pavel Matveev, the CEO and Co-Founder of Wirex, has for long believed that stablecoins are a key component in a digital economy. The six new tokens will sit alongside DAI, the first stablecoin to be integrated into the Wirex platform in 2019.
He commented: “Wirex was founded with a mission to make crypto open to all, so it’s vital to offer a wide variety of tokens to suit all users, regardless of their lifestyle and experience with crypto. Stablecoins such as XSGD are a great option for those new to crypto as they are pegged to a stable asset, keeping the value more consistent over time while still offering users the benefits of crypto.”
The six stablecoins are the latest in a series of token releases as Wirex continues to expand the selection on its platform. The new tokens now available are STASIS EURO (EURS), True (TUSD), USD Coin, (USDC), Tether (USDT), USDP and XSGD.
In Singapore, the popular LINK and UNI tokens, as well as XSGD, will also be available for users, where Singaporeans can perform a bank transfer of SGD to Wirex using StraitsX to convert to XSGD.
Aymeric Salley, Head of StraitsX added: “At StraitsX, we believe ASEAN currencies denominated stablecoins will see increasing adoption and we’re delighted to see Wirex pioneering this effort with XSGD now being supported by the Wirex platform. We look forward to users being able to spend XSGD via the Wirex card.”