According to The Block, Visa has partnered with the "on-chain bank" project WeFi, aiming to connect WeFi's self-custody wallets with the Visa payment network, allowing users to make payments at Visa-supported merchant scenarios while holding their own cryptocurrencies (including stablecoins). WeFi co-founder and chairman Reeve Collins (former Tether CEO) stated that the plan emphasizes users retaining control of their private keys and funds.