Visa expands stablecoin card network to 160 programs
Visa says more than 160 stablecoin-linked card programs now use its network, while Credit Coop financing has supported over $2.5 billion in settlement volume.
- On Tuesday, Visa announced new onchain credit tools designed to help stablecoin-linked card programs access working capital by integrating VisaNet settlement data with blockchain lending infrastructure.
- Visa's stablecoin-linked card network now includes over 160 programs, a nearly 200% increase year over year, as the company's settlement volume recently surpassed a $20 billion annualized run rate.
- Partnering with Credit Coop, the payments giant combines VisaNet settlement data with onchain lending, helping reduce borrowing costs for some participating programs by as much as 30%, according to Visa.
- Since 2023, this financing model has supported over $2.5 billion in cumulative volume, according to Credit Coop, while automating repayment checks through smart contracts with zero recorded defaults.
- Visa seeks to extend automated funding models to additional issuers, bridging traditional financial infrastructure with emerging digital asset technologies as stablecoin-linked card adoption continues to grow.
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The Crypto Basic
BITRSSVisa Stablecoin Settlement Run Rate Crosses $20B as Card Payment Volume Jumps Nearly 200%
Visa’s stablecoin-linked payments business is scaling rapidly, with the company now processing settlement activity at a pace equivalent to more than $20 billion annually. The annualized settlement rate has increased more than 15-fold year over year, reflecting the broader expansion of stablecoin-powered card products across Visa’s network.Visit Website
Financial Post
Visa Brings Onchain Lending into Everyday Payments
By combining VisaNet settlement data with blockchain lending, Visa is helping its partners unlock new financing opportunities for stablecoin-linked card programs. SAN FRANCISCO — Today, Visa (NYSE: V) announced a new approach to onchain credit designed to help stablecoin-linked card programs and fintechs access working capital using onchain lending infrastructure and Visa data. Onchain lending […]
Visa tells CNBC it is expanding data offering for blockchain lenders as demand for stablecoin-linked cards surges
Visa is doubling down on blockchain-powered financial services with a new program to help issuers of stablecoin-linked cards access loans.
crypto.news
Cryptocurrency News | Cryptocurrency Prices | Market CapVisa expands stablecoin card network to 160 programs
Visa reports 160 stablecoin-linked card programs, nearly 200% payment growth and a $20 billion annualized settlement rate.
Visa Stablecoin Settlement Hits $20B Run Rate, Up 15x
Visa's stablecoin settlement volume has crossed a $20 billion annualized run rate, up more than 15 times from a year earlier, a jump that shows stablecoin-linked cards are becoming a real part of how money moves through the network. Visa shared the figure in a report published September 8, alongside two other numbers that point the same way. The company counted more than 160 stablecoin-linked card programs live worldwide in its fiscal second qua…
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