Visa Integrates Onchain Lending with Stablecoin Payment Solutions
- Visa is combining its settlement network with onchain lending, allowing lenders to finance payment obligations using VisaNet data.
- Credit Coop, a blockchain protocol, has facilitated over $2.5 billion in cumulative settlement volume since its inception.
- More than 160 stablecoin-linked card programs are now operating on Visa’s network, with payment volumes increasing by nearly 200% year over year.
- Visa’s stablecoin settlement volume has surpassed a $20 billion annualized run rate, more than fifteen times the levels from the previous year.
- Adjusted stablecoin transaction volume reached a record $1.79 trillion in June, with approximately $1.2 trillion processed in the last month alone.
This initiative marks a significant expansion of Visa’s role in the Stablecoin market and enhances access to working capital through blockchain technology. By leveraging both traditional and blockchain data, Visa aims to innovate payment infrastructures further.
With stablecoin-related card programs growing rapidly and transaction volumes hitting record highs, Visa is solidifying its position as a leader in integrating DeFi solutions into everyday payments.
