Visa is expanding its stablecoin strategy with an onchain credit model that combines VisaNet settlement data with blockchain lending infrastructure to help payment companies obtain working capital.
The company said Tuesday the approach could make financing more accessible to emerging stablecoin-linked card programs that may lack the scale or operating history required for traditional credit facilities.
Visa said more than 160 stablecoin-linked card programs are currently operating on its network, with payment volume up nearly 200% from a year earlier. Stablecoin settlement volume has also surpassed a $20 billion annualized run rate, increasing more than 15-fold year-over-year.
Visa’s work with Credit Coop has already financed more than $2.5 billion in cumulative settlement volume since 2023 without a reported default across participating facilities, the company stated. More than 3,000 borrowing events and 9,000 repayments have been executed programmatically onchain, creating an auditable record of the financing activity.
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