Visa announced in a blog post that stablecoin-linked cards are one of the fastest-growing segments of its network. In the second fiscal quarter, over 160 projects went live globally, with payment volume up nearly 200% year-over-year and an annualized settlement rate exceeding $20 billion, a 15-fold increase. A revolving credit facility with Credit Coop has reduced borrowing costs for early-stage projects by over 30%.
Visa said in a blog post that stablecoin-linked cards are one of the fastest-growing segments of its network. In the second fiscal quarter, more than 160 stablecoin card projects went live globally, with payment volume surging nearly 200% year-over-year. The annualized settlement rate exceeded $20 billion, a more than 15-fold increase from a year ago.
Visa also highlighted a revolving credit facility based on stablecoins that it launched with Credit Coop, which provides daily settlement funds for early-stage stablecoin card programs. The tool has helped reduce borrowing costs for some participating projects by over 30%.
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