Visa Aggregates Blockchain Data to Support Onchain Lending
Visa is offering aggregated global settlement data combined with blockchain lending information to help lenders evaluate fintech companies' onchain financial histories. This initiative aims to support financing decisions and provide working capital, particularly for firms connected to stablecoins. Visa currently operates around 160 stablecoin-linked card programs globally. The company's stablecoin settlement volume now exceeds a $20 billion annualized run rate, reflecting significant growth in this area over the past year. By integrating blockchain-based lending data with its payment systems, Visa seeks to make financing more accessible for high-growth fintechs that may struggle under traditional banking criteria. Visa is also expanding into international digital commerce through stablecoins and recently joined a consortium including Mastercard, Stripe, and Coinbase supporting Open USD. Meanwhile, competitors like Mastercard's BVNK are partnering with Marqeta to offer similar services in the growing stablecoin market.
Topics: blockchain lending fintech financing stablecoins Visa