Visa Partners with Former Tether CEO's WeFi to Connect Crypto to Payment Network

Apr 29, 2026

Visa announced a partnership on Tuesday, April 28, 2026, with WeFi, a blockchain-based stablecoin infrastructure firm co-founded by former Tether CEO Reeve Collins, to establish onchain payments and banking services connected to Visa's global payment network. WeFi describes its platform as an orchestration layer between decentralized finance and regulated payment infrastructure, planning to offer users bank accounts with IBAN numbers while obtaining licenses worldwide. The rollout will proceed region by region starting in selected European, Asian, and Latin American markets, with expansion dependent on local regulatory approvals and issuing partnerships. Collins stated the partnership closes the last half mile of onchain banking infrastructure, with WeFi aiming to serve underbanked populations globally as the platform scales.

Visa and WeFi Partnership for Onchain Banking Infrastructure

▪Mathieu Altwegg is Head of Product & Solutions in Europe at Visa.
▪The Visa and WeFi partnership was announced on Tuesday, April 28, 2026.
▪Mathieu Altwegg stated that the Visa and WeFi collaboration demonstrates how Visa's global network interacts with onchain models while operating within established regulatory frameworks.
▪Reeve Collins stated that the partnership with Visa closes the last half mile of onchain banking infrastructure.
▪Visa is working with blockchain-based stablecoin infrastructure firm WeFi to establish onchain payments and banking services.

WeFi's Platform and Global Expansion Strategy

▪WeFi plans to offer users bank accounts with IBAN numbers.
▪WeFi describes its platform as an orchestration layer between decentralized finance and regulated payment infrastructure designed to support cross-border spending and on-chain value storage.
▪WeFi is co-founded by former Tether CEO Reeve Collins.
▪WeFi plans to partner with more banks and institutions as the platform scales.
▪WeFi's expansion into additional markets will depend on local regulatory approvals and issuing partnerships.
▪WeFi's rollout will take place region by region starting with selected markets in Europe, Asia and Latin America.
▪WeFi is obtaining various licenses around the world to operate appropriately.

Targeting Underbanked Populations with Stablecoin Services

▪WeFi's plan includes a view towards serving the underbanked of the world as the platform scales.
▪Reeve Collins wants to bring robust stablecoin payments infrastructure to under-banked people around the planet.

Perspective of WeFi and Reeve Collins

▪WeFi's platform serves as an orchestration layer connecting decentralized finance with regulated payment systems.
▪WeFi aims to deliver stablecoin payment infrastructure to underbanked populations worldwide.
▪The Visa partnership with WeFi represents the completion of onchain banking infrastructure's final connection point.

Perspective of Visa

▪Visa views the WeFi collaboration as proof that Visa's payment network can interact with onchain models within regulatory frameworks.
▪Visa is positioning itself to connect stablecoins to its global payment infrastructure through the WeFi partnership.