Visa Integrates Onchain Lending with Settlement Network for Stablecoin Card Programs
Visa is integrating its settlement network with onchain lending infrastructure to provide stablecoin-linked card programs with another way to access working capital.
This initiative combines VisaNet's settlement data with blockchain-based lending to enable lenders to finance payment obligations using data from the Visa network.
Visa highlighted Credit Coop, a protocol that extends credit lines to businesses, as an early example of this model. Since 2023, it has financed more than $2.5 billion in cumulative settlement volume across participating facilities, involving over 3,000 borrowing events and 9,000 repayments.
Rubail Birwadker, Visa's global head of growth products and partnerships, noted that stablecoins are 'changing how money moves' and creating opportunities to rethink financial infrastructure supporting payments.