Visa Combines Onchain Credit with Settlement Data in Stablecoin Push

Visa is expanding its stablecoin-related payment business by integrating onchain credit into its settlement network. This move allows lenders to finance payment obligations using data from VisaNet, Visa's global payment network.

The company announced that settlement data from VisaNet will be combined with blockchain-based lending infrastructure, enabling lenders to assess borrowers and finance their settlement obligations more effectively. One example of this model is Credit Coop, a blockchain-based protocol that extends credit lines to businesses.

Credit Coop has financed over $2.5 billion in cumulative settlement volume since 2023, involving more than 3,000 borrowing events and 9,000 repayments. Rubail Birwadker, Visa's global head of growth products and partnerships, said that stablecoins are 'changing how money moves' and creating opportunities to rethink the financial infrastructure supporting payments.