Wirex Whitepaper Forecasts €1 Trillion European Stablecoin Market by 2030

Core Insights - Wirex forecasts that Europe's stablecoin market could reach €1 trillion this decade, driven by euro-denominated tokens compliant with the EU's new MiCAR regulation [1][2] - The stablecoin market currently shows 90-95% of global circulation in USD-denominated tokens, with EUR-backed tokens representing less than €350 million [2] - Wirex projects a 10-15x growth for MiCAR-compliant euro tokens and emphasizes the need for coordinated EU incentives to promote EUR-backed stablecoins [2] Programmable Money and Banking Infrastructure - The whitepaper discusses the integration of stablecoins into mainstream finance as payment instruments under MiCAR's regulatory framework, marking a shift from mobile banking to programmable money [3] - The concept of agentic payments is introduced, where AI- and smart-contract-driven transactions operate autonomously for users [4] - Wirex anticipates the emergence of stablecoin-native challenger banks that will integrate non-custodial wallets, on-chain settlement, and card networks across various FinTech services [4] Wirex Strategy and Industry Context - Wirex has established its European headquarters in Milan in 2025, viewing MiCAR compliance as a competitive advantage [5] - The platform has processed over $20 billion in transactions since its inception [5] - Other payment firms, such as Western Union and Circle, are also entering the stablecoin space, with Circle obtaining an e-money license in France for its EURC stablecoin [6] Policy Recommendations - The whitepaper recommends harmonizing MiCAR implementation across EU Member States to avoid regulatory fragmentation [7] - It suggests merchant-level incentives for EUR-stablecoin adoption, including lower fees and faster settlement [7] - The report calls for expanded regulatory sandboxes and ensuring interoperability between the digital euro and private stablecoins [7]