Visa teams up with WeFi to bring stablecoin on-chain payments to its network

Visa has signed a partnership with WeFi, a self-described "blockchain bank" founded by Reeve Collins, the former CEO of Tether, The Block reported. The collaboration is designed to let users keep digital assets in self-custody wallets and pay directly across Visa's global merchant network, without parking funds on centralized exchanges. WeFi cofounder and CEO Maksym Sakharov said stablecoins are built into the underlying infrastructure, with settlement processed automatically behind the scenes to mirror the experience of traditional card payments. The rollout will begin in selected markets across Europe, Asia and Latin America. Additional expansion will depend on regulatory approvals.