World Network, Visa Discuss Stablecoin Wallet, Worldcoin Rallies 13%

World Network, a company focused on integrating blockchain technology with everyday applications, is in discussions with Visa to develop a new stablecoin wallet. This wallet aims to integrate crypto-native features into Visa’s extensive customer base, potentially revolutionizing the way stablecoins are used in global transactions. The proposed wallet would allow for stablecoin payments across Visa’s global network, leveraging on-chain card features and providing a seamless experience for users.

According to sources, the initiative is being led by Tools for Humanity, the parent company of World Network. The goal is to create a "mini bank account" that includes features such as foreign exchange (FX), fiat ramps, and more. This collaboration could significantly enhance the utility of stablecoins, making them more accessible and user-friendly for a broader audience.

Visa has a history of collaborating with various crypto companies. In 2024, the company entered the real-world asset (RWA) market and partnered with Coinbase to facilitate instant fund transfers using Visa debit cards. However, Visa’s exploration of stablecoin market trends last year yielded discouraging results, raising concerns about the potential threat stablecoins pose to Visa’s core business model. Despite these challenges, the ongoing discussions with World Network indicate a continued interest in exploring the potential of stablecoins.

The talks between World Network and Visa are still in the early stages, and there is no clear indication of the likelihood of a deal being finalized. However, the active discussions have already had a positive impact on Worldcoin’s value, which saw a 13% rally since the news of the potential partnership was first publicized. This surge highlights the market’s optimism about the potential benefits of integrating stablecoins with Visa’s extensive network.

Stablecoins are increasingly seen as a significant component of the global financial landscape. Recent speeches by prominent figures, including Donald Trump, have emphasized the role of stablecoins in promoting dollar dominance worldwide. This growing recognition could incentivize Visa to partner with World Network, although it is too early to determine the outcome of these discussions.