{"id":35431,"date":"2021-01-27T13:54:43","date_gmt":"2021-01-27T11:54:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=35431"},"modified":"2025-08-29T01:17:29","modified_gmt":"2025-08-28T22:17:29","slug":"stellar-development-foundation-invests-5-million-in-wyre-a-blockchain-payments-company","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/stellar-development-foundation-invests-5-million-in-wyre-a-blockchain-payments-company\/","title":{"rendered":"Stellar Development Foundation Invests $5 Million in Wyre, a Blockchain Payments Company"},"content":{"rendered":"<p>The Stellar Development Foundation (SDF) has invested $5 million in the blockchain payments company Wyre to expand its ecosystem.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">We\u2019re starting 2021 strong with our fifth Enterprise Fund investment in <a href=\"https:\/\/twitter.com\/sendwyre?ref_src=twsrc%5Etfw\">@sendwyre<\/a>, a leading blockchain payments company. With industry-leading payment APIs, Wyre will empower Stellar businesses to expand existing payment corridors &#038; to develop new ones.<a href=\"https:\/\/t.co\/VOyERnGul3\">https:\/\/t.co\/VOyERnGul3<\/a><\/p>\n<p>\u2014 Stellar (@StellarOrg) <a href=\"https:\/\/twitter.com\/StellarOrg\/status\/1354092159604023296?ref_src=twsrc%5Etfw\">January 26, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nAccording to the press release, Stellar will implement a wide range of Wyre\u2019s payment APIs for fintech applications in its network. The company\u2019s technology enables converting fiat currencies to digital assets and back. The first way to support the Stellar ecosystem will be a rapid switch from USDC to USD, GBP, CAD, AUS and EUR. The stablecoin is planned to launch on Stellar in the first quarter of 2021.<\/p>\n<blockquote>\n<p>\u201cDeveloping the network of auxiliary services helps Stellar unite global financial systems with blockchain technology. By simplifying access and development on our blockchain for projects, we move closer to creating equal access to the global financial system for everyone,\u201d said Denelle Dixon, CEO of the SDF, who will join the leadership of the blockchain company.<\/p>\n<\/blockquote>\n<p>According to Wyre\u2019s CEO Ioannis Giannaros, the investment will help the project grow in international markets and provide developers with an easy way to integrate with the Stellar ecosystem to achieve the shared goal of creating a robust, innovative financial system.<\/p>\n<p>Earlier, one of Europe\u2019s oldest banks Bankhaus von der Heydt (BVDH) issued <a href=\"https:\/\/u1f987.com\/en\/news\/one-of-europes-oldest-banks-issues-eurb-stablecoin-on-the-stellar-network\">the EURB stablecoin in the Stellar network<\/a>.<\/p>\n<p>On December 28, the Ministry of Digital Transformation of Ukraine and the SDF signed <a href=\"https:\/\/u1f987.com\/en\/news\/ukraines-ministry-of-digital-transformation-and-stellar-sign-memorandum-of-understanding-on-cooperation-in-virtual-assets\">a memorandum of cooperation<\/a> in the field of virtual assets.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 the full feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Stellar Development Foundation (SDF) has invested $5 million in the blockchain payments company Wyre to expand its ecosystem.<\/p>\n","protected":false},"author":1,"featured_media":35432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[243,2089],"class_list":["post-35431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-stellar","tag-wyre"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=35431"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35431\/revisions"}],"predecessor-version":[{"id":35433,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35431\/revisions\/35433"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/35432"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=35431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=35431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=35431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}