US EditionVisa is teaming up with a Tether co-founder to build onchain banks
The payments giant said its pilot now spans nine networks and has reached a $7 billion annualized run rate, up 50% from last quarter.
- On Tuesday, San Francisco-based Visa announced a partnership with blockchain firm WeFi, co-founded by former Tether executive Reeve Collins, to establish the "last half mile" of onchain banking infrastructure.
- Utilizing its "Visa-as-a-Service" strategy, Visa aims to provide a critical "bridge layer" between real-world use cases and companies providing blockchain, stablecoin, and agentic commerce solutions.
- The payments giant said Wednesday its stablecoin settlement pilot now spans nine networks and reached a $7 billion annualized run rate, up 50% from the prior quarter, adding Coinbase's Base, Polygon, Canton Network, Circle's Arc, and Stripe-backed Tempo.
- On Tuesday, Visa reported a 17% increase in net revenue to $11.2 billion, the biggest jump in four years, as CEO Ryan McInerney predicted agentic commerce will accelerate transaction volumes.
- Wells Fargo plans to migrate to Visa's Pismo cloud-based account ledger solution as part of its core banking modernization over the coming years, leveraging the Paulo-based Pismo platform acquired in early 2024.
31 Articles
31 Articles
SAN FRANCISCO--(BUSINESS WIRE)--avr. 30, 2026-
Visa Adds Five Blockchains to Stablecoin Settlement Pilot
Visa has added five blockchains to its stablecoin settlement pilot as the programme reaches a US$7 billion annualised run rate. The new additions are Arc, Base, Canton, Polygon and Tempo. They join Avalanche, Ethereum, Solana and Stellar, bringing the total number of supported blockchains to nine. Visa said the expansion broadens the settlement networks available to issuers and acquirers as stablecoins move further into payment flows. The pilot’…
Visa Expands Stablecoin Pilot to Polygon, Base, and New Networks
What Did Visa Add to Its Stablecoin Pilot? Visa has expanded its stablecoin settlement pilot to include Polygon, Base, Canton Network, Arc, and Tempo, extending the program beyond earlier supported networks such as Ethereum, Solana, Stellar, and Avalanche. The pilot, first launched in 2023, allows selected partners to settle transactions using stablecoins instead of relying solely on traditional banking rails. Visa said the program is meant to t…
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