Visa (V) Stock: Stablecoin Volume Up 15x as Onchain Lending Goes Mainstream

TLDR

• Visa’s stablecoin settlement volume has surpassed a $20 billion annualized run rate, up 15x year over year.
• More than 160 stablecoin-linked card programs now run on Visa’s network, with payment volume up nearly 200% year over year.
• Visa is combining VisaNet settlement data with onchain lending infrastructure to help fintechs access working capital.
• Credit Coop, a decentralized lending protocol, has financed over $2.5 billion in cumulative settlement volume since 2023 with zero defaults.
• The initiative processed more than 3,000 borrow events and 9,000 repayment events programmatically onchain.

Visa (V) is merging its core settlement network with blockchain-based lending, aiming to solve a working capital problem for the stablecoin card programs now running at scale on its network.

⚡️NEW: Visa now OFFICIALLY supports 160+ stablecoin-linked card programs.

The payments giant is now expanding into onchain lending, giving stablecoin-focused companies access to new financing options.

Visa's Head of Crypto Cuy Sheffield even said that stablecoin-linked cards… pic.twitter.com/NjGGlJ9XvG

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