Tether Co-Founder Teams Up With Visa to Pioneer Blockchain Banking Revolution

TLDR Visa has formed an alliance with WeFi, a stablecoin infrastructure provider, to create blockchain-based banking solutions Reeve Collins, a co-founder of WeFi, was instrumental in establishing Tether, the leading stablecoin issuer This collaboration seeks to bridge the final gap in blockchain banking infrastructure Customers will receive traditional banking features like IBAN accounts via Visa’s worldwide payment system Initial deployment targets Europe, Asia, and Latin America, pending regulatory clearance Visa has revealed a strategic alliance with WeFi, a blockchain payments infrastructure provider, designed to bring onchain banking and payment capabilities to users worldwide. Visa is partnering with WeFi, a self-custody crypto banking firm co-founded by former Tether CEO Reeve Collins, to let users spend digital assets wherever Visa is accepted. Users keep control of their own wallets. No exchange. No giving up your keys. pic.twitter.com/kL0mxrk3N9 — Token Metrics (@tokenmetricsinc) April 28, 2026 Reeve Collins, a key figure in WeFi’s founding team, previously played a pivotal role at [[LINK_START_0]]Tether[[LINK_END_0]], the organization responsible for issuing the world’s most widely used stablecoin. WeFi positions itself as an intermediary layer linking decentralized financial ecosystems with traditional regulated payment networks. According to both organizations, this agreement addresses what they call the “last half mile” challenge in blockchain banking—essentially bridging the divide between cryptocurrency-based financial services and the conventional banking infrastructure that businesses and individuals depend on daily. Collins explained that the system will provide users with comprehensive banking capabilities, including International Bank Account Numbers (IBANs). These identifiers enable cross-border financial transactions through established banking channels. WeFi is actively pursuing financial operating licenses across various jurisdictions to...