Current outcome
Visa is combining VisaNet settlement data with blockchain-based lending to help stablecoin-linked card programs and fintechs access working capital; the model has financed over $2.5 billion in settlement volume since 2023, and Visa's stablecoin settlement volume has risen to an annualized rate above $20 billion.
Progress timeline
2 material updates- #01
Visa combines VisaNet data with onchain lending to power stablecoin card working capital
Visa is opening its settlement data to blockchain lenders to finance stablecoin card working capital as volumes surge.
Source evidence: CoinDesk · Cointelegraph
- #02
Visa Taps Onchain Lending to Finance Stablecoin Card Programs
Visa announced that its stablecoin settlement volume has exceeded a $20 billion annualized rate, and an early financing model with Credit Coop has supported more than $2.5 billion in cumulative settlement volume since 2023 with zero defaults.
State after update: Visa is combining VisaNet settlement data with blockchain-based lending to help stablecoin-linked card programs and fintechs access working capital; the model has financed over $2.5 billion in settlement volume since 2023, and Visa's stablecoin settlement volume has risen to an annualized rate above $20 billion.
Source evidence: Decrypt