Visa Expands Stablecoin Lending, Strategy Skips Bitcoin for Preferred Shares Repurchase
Visa has expanded its stablecoin cards and onchain lending capabilities by linking VisaNet settlement data with blockchain transaction histories to assess borrowers. This move is expected to improve working-capital access for fintech firms and stablecoin-linked card issuers.
The company's latest development comes after it reported a $7 billion annualized settlement run rate in April, which has now increased to above $20 billion annually.
Strategy, a corporate entity, has paused Bitcoin purchases between August 31st and September 7th, instead repurchasing $176.3 million worth of STRC preferred shares using U.S. dollar cash.