Visa announced it is combining payment network data with blockchain lending tools to help stablecoin-linked card programs and fintechs access working capital. The approach allows lenders to assess a payment business's performance by analyzing both VisaNet settlement data and onchain transaction records.
According to Visa, stablecoin settlement volume on its network has exceeded a $20 billion annualized rate. Payment volume across more than 160 stablecoin-linked card programs grew nearly 200% year over year, while stablecoin settlement volume rose more than 15-fold on an annualized basis.
Expanding the Model
Visa highlighted its collaboration with Credit Coop as an early example of the financing approach. Credit Coop combines Visa settlement data with blockchain records to assess credit performance, using smart contracts to automate funding, collateral management, and repayment. The model finances loans drawn on settlement receivables—money payment businesses are due to receive—with repayments collected from incoming funds.
Since 2023, the Credit Coop model has supported more than $2.5 billion in cumulative settlement volume with zero defaults across participating facilities.
Broader Context
Visa noted that onchain lending protocols have processed more than $694 billion in stablecoin loans since 2020. The company argued that blockchain-based lending infrastructure supported by trusted payment data can help address traditional financing barriers by introducing greater transparency and efficiency.
Visa has been expanding its stablecoin services across multiple blockchains. In April, the company added five blockchains to its settlement program, bringing the total to nine.
