Visa Links On-Chain Credit to Stablecoin Card Working Capital

Visa has introduced an on-chain credit model that combines VisaNet settlement data with blockchain lending infrastructure. This approach aims to help stablecoin-linked card programs and fintechs access working capital.

The model connects payment performance data with on-chain credit markets, enabling lenders to use this information to assess financing needs while supporting faster and more transparent access to capital.

According to Visa's On-Chain Analytics Dashboard, over $694 billion in stablecoin-denominated loans have moved through on-chain lending protocols since 2020. Most of that activity has remained within crypto markets, but Visa now aims to connect those lending systems with businesses that depend on payment settlement and working capital.

Visa currently supports more than 160 stablecoin-linked card programs across its network, with payment volume growing nearly 200% from a year earlier. The company's stablecoin settlement volume has surpassed a $20 billion annualized run rate, representing a fifteenfold increase from the previous year.