Visa and WeFi test “on‑chain banking” for stablecoin spending
Visas WeFi pilot lets self‑custodied stablecoins fund everyday card payments across Europe, Asia and Latin America.Visa is partnering with DeFi‑native platform WeFi to pilot stablecoin‑based payments and “on‑chain banking” services across selected markets in Europe, Asia and Latin America.The collaboration aims to make self‑custodied stablecoin balances spendable anywhere Visa is accepted, with WeFi acting as an orchestration layer between DeFi and regulated payment rails.The pilots build on Visas broader stablecoin program, which already runs a $7 billion annualized settlement run rate across nine blockchains, including Ethereum, Solana, Avalanche and Stellar. Visa and WeFi have launched a collaboration to explore on‑chain banking and stablecoin‑based payment use cases in selected markets, expanding the card network‘s stablecoin program beyond back‑end settlement into consumer‑facing financial services. In a joint announcement published via Chainwire and subsequent coverage, Visa said the initiative would focus on “how on‑chain value can interact with familiar payment experiences within the existing regulatory framework,” using WeFi’s infrastructure to connect DeFi‑native assets to Visas global acceptance network. Visa turns stablecoin rails into consumer banking infrastructure WeFi describes its platform as an “orchestration layer” between decentralized finance and regulated payment infrastructure, built to support use cases such as cross‑border spending, on‑chain value storage and everyday card