Visa Taps Onchain Lending to Finance Stablecoin Card Programs
Visa is pairing its payment network data with blockchain lending tools to help stablecoin-linked card programs and fintechs secure working capital. Lenders can combine VisaNet settlement data with onchain transaction records to evaluate business performance and set financing terms. Visa says this could make credit more transparent, programmable, and faster to access. The company is positioning stablecoins as a major shift in payments and credit infrastructure. It reports strong growth in its stablecoin ecosystem: card-program volume has nearly doubled year over year across 160+ programs, and stablecoin settlement volume has climbed above a $20 billion annualized rate. Visa highlighted a Credit Coop model that uses smart contracts and customer-authorized settlement data to finance receivables, with repayment taken from incoming settlement funds. Visa says this structure has financed over $2.5 billion in settlement volume since 2023 with no defaults.
