Visa's Stablecoin Expansion Sparks New Era of Onchain Credit
Illuminance Global, an international fintech ecosystem, has made significant strides in building the next layer of financial infrastructure. By combining VisaNet settlement data with blockchain-based lending infrastructure, the company is supporting working capital in a digital, always-on financial environment.
According to Visa, more than $694 billion in stablecoin-denominated loans have moved through onchain lending protocols since 2020, while Visa's stablecoin settlement volume has surpassed a $20 billion annualized run rate.
Illuminance Global is also expanding its credit layer through a dedicated USD 1.5 million funding pool and the Credit Leverage Strategy, allowing eligible participants to receive up to 50% additional operating capacity within the strategy.