Visa Shares Settlement Data with Blockchain Lenders for Stablecoin Card Programs
Visa announced it will share settlement data from its VisaNet network with blockchain-based lenders to support stablecoin-linked card programs and fintechs in accessing working capital through onchain credit infrastructure. The company reported that over 160 such card programs operate on its platform, experiencing nearly a 200% year-over-year growth in payment volume. Additionally, Visa's annualized stablecoin settlement volume has surpassed $20 billion, up more than fifteenfold from the previous year. Visa is piloting this model with Credit Coop, which uses smart contracts to automate funding and repayment for these programs by combining real-time settlement data with onchain records. The pilot program has facilitated over $2.5 billion in financed volume since 2023 without any defaults. Visa also highlighted the importance of recent U.S. regulatory developments like the GENIUS Act, which it views as a turning point for stablecoin regulation and adoption. This move is part of Visa's broader strategy to expand its digital payment capabilities through initiatives such as its newly launched stablecoin platform in July 2026.
Topics: blockchain lending fintech settlement data stablecoins Visa