Visa Stablecoin-Linked Cards Hit Hypergrowth with 160+ Programs Live Worldwide

Visa's stablecoin-linked cards are experiencing rapid growth, with over 160 programs now live worldwide. This represents a nearly 200% increase in volume compared to last year.

Cuy Sheffield, Visa's head of crypto, described the trend as 'hypergrowth' and attributed it to the GENIUS Act, which established federal rules for stablecoin issuance in the United States.

Sheffield noted that new issuers are joining the network at a steady rate, with stablecoin neobanks and fintech firms launching cards every week on Visa's platform.

Visa is also piloting a lending partnership with Credit Coop, which has processed $2.7 billion in total volume through smart contracts without a single borrower defaulting.