Visa has partnered with WeFi, the on-chain banking company founded by former Tether CEO Reeve Collins, to enable digital asset payments through WeFi's on-chain banking infrastructure. WeFi allows users to hold assets and control their private keys in self-custodied wallets, ensuring their usability anywhere Visa payments are accepted. The project will initially launch in select markets in Europe, Asia, and Latin America, subsequently expanding to other regions subject to regulatory approval. WeFi CEO Maksym Sakharov stated that stablecoins will be directly embedded in the underlying infrastructure, with settlement completed in the background, eliminating the need for manual exchange by users.