Visa Leverages Onchain Lending for Stablecoin Card Expansion

Visa has tapped into onchain lending to finance its stablecoin card programs. The move is part of Visa's efforts to expand its offerings in the digital payments space.

The company will use onchain lending to provide liquidity for merchants and consumers participating in the program, allowing them to hold a stablecoin instead of traditional fiat currency.

This development comes as Visa continues to explore the potential of blockchain technology in facilitating financial transactions. The company has been investing heavily in its digital payment infrastructure, including the launch of its stablecoin-enabled cards.