Visa integrates stablecoin data with onchain lending for card services

VERA Brief

AI-generated. Grounded in the article and its cited sources.

Visa is integrating its VisaNet settlement data with onchain lending for its stablecoin card services. This aims to allow blockchain lenders to extend credit to stablecoin issuers on the Visa network, supporting the growth of its stablecoin card business.

Key facts

• Visa is combining VisaNet settlement data with onchain lending for its stablecoin card services.
• This integration aims to enable blockchain lenders to leverage settlement data to extend credit to stablecoin issuers on the Visa network.
• Visa's stablecoin settlement volume has reached an annualized run rate exceeding $20 billion.
• Stablecoin payment volume on the Visa network has grown by nearly 200% year over year.
• Visa is seeking to utilize onchain credit capability within its stablecoin card business.