Visa Integrates Blockchain Lending for Stablecoin Card Programs
- Visa’s stablecoin settlement volume has surpassed a $20 billion annualized rate.
- The company has used an early financing model with Credit Coop to support over $2.5 billion in settlement volume since 2023.
- Payment volume across more than 160 stablecoin-linked card programs grew nearly 200% year over year.
- Onchain lending protocols have processed more than $694 billion in stablecoin loans since their inception.
Visa is leveraging its VisaNet settlement data combined with blockchain transaction records to help lenders evaluate financing for stablecoin-linked card programs, enhancing transparency and efficiency in the process.
This initiative aims to streamline access to capital for businesses by utilizing trusted payment data and onchain technologies, as evidenced by the significant growth in both payment volumes and settlement rates for stablecoins. Source
