Visa announced on September 8 that it is combining its VisaNet settlement data with onchain lending infrastructure to support stablecoin-linked card programs and fintechs seeking working capital.
The integration aims to help card issuers and payment platforms evaluate financing opportunities more easily by leveraging settlement data alongside blockchain credit infrastructure. Onchain lending has facilitated more than $694 billion in stablecoin-denominated loans since 2020.
Growth in Stablecoin Payment Volume
Visa launched its Stablecoin Platform earlier this year to enable stablecoin settlement and expand card programs. The network now supports more than 160 stablecoin-linked card programs, with payment volume on those programs up nearly 200% year over year. Visa's stablecoin settlement volume has surpassed a $20 billion annualized run rate.
Partnership Strategy
Visa is partnering with Credit Coop to provide working capital and settlement financing for card issuers and fintechs, with tools to evaluate credit performance and support automated settlement financing.
The company has also expanded its stablecoin settlement program to include five additional blockchain networks, including Coinbase's Base and Polygon. Separately, Visa partnered with SBI Holdings and its crypto division SBI VC Trade to launch credit cards in Japan that convert spending rewards into digital assets.
"Stablecoins are not only changing how money moves, they're creating opportunities to rethink the financial infrastructure that supports payments," said Rubail Birwadker, global head of growth products and partnerships at Visa.
