Visa Expands Data Offering for Blockchain Lenders Amid Surge in Stablecoin-Linked Cards
Visa is expanding its data offerings to blockchain lenders by integrating settlement data with onchain lending infrastructure, providing deeper insights into the financial performance of digital asset-focused fintech firms and card issuers. This move aims to accelerate borrowing processes as stablecoin-linked cards experience rapid growth. The number of such card programs operated by Visa has surged nearly 200% year over year, reaching more than 160 today. Cuy Sheffield, head of crypto at Visa, highlighted the hypergrowth in this sector and noted that new issuers are joining the network weekly. To support capital needs, Visa is forming partnerships to enable financing through smart contracts and onchain credit. A pilot with Credit Coop has already processed $2.7 billion in volume without any defaults. The expansion aligns with broader regulatory developments like the GENIUS Act, which established U.S. stablecoin regulation and spurred adoption. With its new platform launched earlier this year, Visa is competing alongside companies such as Mastercard, PayPal, and Circle to lead in digital asset capabilities.
Topics: fintech onchain_lending stablecoins Visa