Visa brings onchain credit to its growing stablecoin card business
Visa is linking VisaNet settlement data with blockchain lending infrastructure so lenders can finance payment obligations using both Visa settlement records and onchain transaction data. This could expand onchain lending beyond crypto trading into payment settlement and working-capital financing for stablecoin-linked card programs. Credit Coop is cited as an early example, with over $2.5 billion in cumulative settlement volume since 2023, more than 3,000 borrowing events, and 9,000 repayments. The move fits Visa’s broader stablecoin strategy: more than 160 stablecoin-linked card programs now run on its network, payment volume is up nearly 200% year over year, and stablecoin settlement volume has reached a $20 billion annualized run rate. Visa says it is investing across the stablecoin stack, including blockchains, wallets, infrastructure, and applications.
