Visa Integrates Onchain Lending with Stablecoin Settlement Network

Visa has announced that it's connecting its settlement network with onchain lending infrastructure. This move will enable lenders to finance payment obligations using data from the Visa network. The initiative combines settlement data from VisaNet with blockchain-based lending, allowing for a more efficient use of stablecoins.

The collaboration is expected to expand the role of onchain lending in crypto markets into payment settlement. Visa highlighted Credit Coop as an example of this model, which has financed over $2.5 billion in cumulative settlement volume since 2023.

Visa's global head of growth products and partnerships, Rubail Birwadker, stated that stablecoins are 'changing how money moves' and creating opportunities to rethink financial infrastructure supporting payments.