<\/p>\n
Visa\u2019s WeFi pilot lets self\u2011custodied stablecoins fund everyday card payments across Europe, Asia and Latin America.<\/p>\n
<\/p>\n
Visa and WeFi have launched a collaboration to explore on\u2011chain banking and stablecoin\u2011based payment use cases in selected markets, expanding the card network\u2019s stablecoin program beyond back\u2011end settlement into consumer\u2011facing financial services. In a joint announcement published via Chainwire and subsequent coverage, Visa said the initiative would focus on \u201chow on\u2011chain value can interact with familiar payment experiences within the existing regulatory framework,\u201d using WeFi\u2019s infrastructure to connect DeFi\u2011native assets to Visa\u2019s global acceptance network.<\/p>\n
WeFi describes its platform as an \u201corchestration layer\u201d between decentralized finance and regulated payment infrastructure, built to support use cases such as cross\u2011border spending, on\u2011chain value storage and everyday card payments funded by stablecoins rather than bank deposits. Unlike many crypto card models that rely on fully custodial, exchange\u2011held balances, WeFi says its \u201cde\u2011banking\u201d approach aims to let users keep assets in self\u2011custody or hybrid setups while still accessing regulated payment rails.<\/p>\n
According to WeFi co\u2011founder and group CEO Maksym Sakharov, the goal is to meet demand for money that \u201cworks seamlessly across borders, without unnecessary complexity,\u201d by using Visa\u2019s capabilities as WeFi rolls out its on\u2011chain banking services across key regions. A separate explainer notes that the rollout will proceed region by region, starting with selected countries in Europe, Asia and Latin America, with expansion dependent on local regulatory approvals and issuing partnerships. At launch, the collaboration will concentrate on regulated, fiat\u2011backed stablecoins suited for everyday payments, with additional digital assets considered only after the initial phase.<\/p>\n
<\/p>\n
From Visa\u2019s side, the WeFi partnership is framed as an evolution of its existing stablecoin work. In an April update, Visa said it had added five new blockchains to its global stablecoin settlement pilot, bringing total support to nine chains and pushing the program\u2019s stablecoin settlement volume to a $7 billion annualized run rate, up roughly 50% quarter\u2011on\u2011quarter. Earlier pilots allowed select issuers and acquirers to settle obligations with Visa directly in Circle\u2019s USDC on networks such as Solana, and to fund cross\u2011border business payments in stablecoins instead of pre\u2011positioning cash in foreign bank accounts.<\/p>\n
The WeFi tie\u2011up pushes that logic to the front end: Visa and a DeFi\u2011native partner are no longer just experimenting with how banks settle with each other, but with how users hold, spend and move value on L2s and sidechains while card schemes handle UX, compliance and merchant relationships. If the model works, the long\u2011term question shifts from whether banks will adopt stablecoins to how quickly card networks and fintechs can re\u2011implement core banking functions on chain, leaving traditional banks to fight over KYC, licensing and balance\u2011sheet roles in a world where the payment stack is increasingly owned by protocol\u2011aware intermediaries rather than legacy cores.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Visa\u2019s WeFi pilot lets self\u2011custodied stablecoins fund everyday card payments across Europe, Asia and Latin America. Summary Visa is partnering with DeFi\u2011native platform WeFi to pilot stablecoin\u2011based payments and \u201con\u2011chain…<\/p>\n","protected":false},"author":1,"featured_media":25442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28752","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=28752"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28752\/revisions"}],"predecessor-version":[{"id":28753,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28752\/revisions\/28753"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/25442"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=28752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=28752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=28752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}