Visa Enhances Onchain Lending for Stablecoin Card Programs
- Visa’s new onchain credit model combines VisaNet data with blockchain lending to support stablecoin card programs.
- Since its inception in 2020, onchain lending has facilitated over $694 billion in stablecoin-denominated loans.
- There are currently more than 160 stablecoin-linked card programs on Visa’s network, with a nearly 200% increase in payment volume year over year.
- Visa’s stablecoin settlement volume has reached an annualized run rate of over $20 billion.
- The company is collaborating with Credit Coop to enhance working capital and settlement financing for card issuers and fintechs.
By integrating VisaNet data with blockchain lending, Visa aims to unlock new financing opportunities for stablecoin-linked cards, enhancing everyday payment experiences. This initiative supports both the crypto market and traditional business operations.
With over $694 billion in stablecoin loans recorded since its launch, Visa’s efforts signify a substantial shift towards integrating digital assets into mainstream finance.
