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Visa is teaming up with stablecoin firm WeFi to build onchain banks

Visa (V) is working with blockchain-based stablecoin infrastructure firm WeFi, to help establish the “last half mile” that can provide users with robust onchain payments and banking services, the companies said on Tuesday.

WeFi, which is co-founded by former Tether OG Reeve Collins, describes its platform as “an orchestration layer between decentralized finance (DeFi) and regulated payment infrastructure, designed to support use cases such as cross‑border spending and on‑chain value storage,” according to a press release.

https://www.coindesk.com/business/2026/04/28/visa-working-with-tether-og-reeve-collins-decentralized-banking-platform-wefi