Visa's Onchain Credit Expansion Sparks Next Layer of Financial Infrastructure
Illuminance Global has made significant strides in building the next layer of financial infrastructure by expanding its stablecoin strategy into onchain credit. According to a recent announcement, Visa's expansion of stablecoin infrastructure has marked a shift beyond payments and settlement toward liquidity and financing. The company highlights that 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 participating in the Visa Stablecoin Platform (VSP), an environment created by Visa to give financial institutions, fintechs, and digital-asset companies access to stablecoin operations through a unified infrastructure. The company has introduced its own 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.
The Illuminance credit structure remains independently issued and administered by Illuminance Investment Inc., and its development runs in parallel with the broader direction in which Visa and other participants across the digital-finance ecosystem are bringing credit infrastructure onchain. This development is also part of the broader Illuminance Digital Bank roadmap, aiming to create an environment where digital assets, stablecoins, settlement, liquidity, and credit are interconnected components of one financial architecture.