Visa Taps Payment Data, On-Chain Lending to Boost Stablecoin Card Financing

Visa is exploring ways to use its trusted payment data and on-chain infrastructure to support working capital financing for stablecoin-linked card programs.

The company announced a new partnership with Credit Coop, an on-chain credit platform, which will combine Visa's settlement data with on-chain lending infrastructure.

This collaboration aims to provide working capital and settlement funds to stablecoin-linked card programs through smart contracts.

According to Chris Walker, CEO of Credit Coop, the partnership will enable lenders to evaluate the performance of card programs in real-time, reducing the risk associated with lending.