Credit Coop and Wirex Partner to Bring Revolving Credit to Onchain Card Payments
Credit Coop, an onchain credit infrastructure provider that turns payment receivables into programmable collateral through smart contracts, and Wirex, the global stablecoin infrastructure provider, are partnering to bring revolving credit infrastructure to onchain card payments, combining stablecoin settlement with automated financing for payment businesses.
“Wirex has the licences, the network memberships and twelve years of real volume; we bring onchain credit infrastructure that already serves card issuers and has financed more than $3 billion with zero defaults. We’re excited about this new integration as we continue to expand our infrastructure through strategic partnerships like Wirex, Visa, Solana, among others,” said Chris Walker, CEO & Co-Founder at Credit Coop and former J.P. Morgan.
“In October, we processed nearly $250 million in stablecoin card volume on Wirex’s infrastructure, which is only growing month-on-month. This means the collateral we hold with Visa and Mastercard to fund those card programmes needs to scale with it. Credit Coop gives us a flexible way to fund that without typing up treasury, and it’s great to also offer that same revolving credit as an add-on to partners settling through our rails,” said Dmitry Lazarichev, Co-Founder of Wirex.
How the Credit Facility Works
The partnership has two components. First, Credit Coop will provide Wirex with a revolving credit facility to fund card scheme collateral, helping the company support growth without tying up additional treasury capital.
Second, Wirex will offer revolving credit as an add-on to its Stablecoin Settlement as a Service platform. Card issuers using Wirex’s payment rails will be able to access credit lines sized against their live settlement data.
The credit facilities are secured by onchain settlement flows, with repayments automated through Credit Coop’s Spigot smart contract. As card payments settle, funds are routed to repay outstanding principal and interest, restoring available borrowing capacity for future use.
“Every draw and repayment is visible onchain. Those same receivables become an asset that capital markets can price continuously and fund in real time rather than in quarterly tapes. The facilities cover onchain stablecoin settlement flows and are designed to remain invisible to end users and Visa and Mastercard,” Walker explained.
The partnership builds on Wirex’s established payments infrastructure, which they opened for partners to integrate in November 2025. Founded in 2014, the UK-headquartered digital payments company serves customers across 130+ countries and has processed more than $20 billion in transactions. Wirex settles card payments in USDC and EURC across multiple networks without intermediary banks.
“Collateral and prefunding are among the biggest costs of launching and scaling a card programme, and they often hold growing issuers back. That’s why credit is a core part of the capital layer we’re building, so partners can get financing in the same place they issue cards and settle payments,” Lazarichev concluded.
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About Credit Coop
Credit Coop provides revolving credit to payment companies, turning payment receivables into programmable collateral through smart contracts. Its Spigot mechanism automates repayments as payments settle, replenishing borrowing capacity. Lenders fund these facilities through the ccUSDC vault, with all transactions transparently recorded onchain.
Learn more at https://www.creditcoop.xyz/.
About Wirex
Wirex is the banking layer for stablecoins. It builds the stablecoin layer under financial products: bank accounts and wallets on one ledger, card issuing on its own Visa and Mastercard principal membership, rails that move stablecoins in and local currency out, and capital products - yield, credit and markets - that end users can reach inside a partner’s app. With live programmes in 136 markets, everything runs on one platform and one API, so a company can ship one layer or all four.
Wirex is the fastest-growing stablecoin infrastructure, and the fastest in crypto-card history to reach $1 billion in annualised card spend.
Learn more at wirexapp.com.