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More than 160 stablecoin-linked card programs now run on Visa's network, with payment volume up nearly 200% year over year
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Visa $V announced Tuesday that it will share VisaNet settlement data with blockchain-based lenders to help stablecoin-linked card programs and fintechs access working capital through onchain credit infrastructure.
The company said more than 160 stablecoin-linked card programs operate on its network, with payment volume on those programs growing nearly 200% year over year. Visa's stablecoin settlement volume has surpassed a $20 billion annualized run rate, up more than 15 times year over year, the company said.
