Visa said its stablecoin settlement volume has passed an annualized run rate of more than $20 billion, marking a 15x increase from a year earlier. With that growth in place, the payments company now wants to combine VisaNet data with onchain lending so blockchain lenders can extend credit to the issuers behind the expanding card activity. The move ties traditional payments data to crypto-native financing and centers on providing working capital to the issuers driving stablecoin card usage.
Visa said stablecoin settlement volume on its network has surpassed an annualized run rate of more than $20 billion, up 15x from a year earlier.
The company now wants to combine VisaNet data with onchain lending, allowing blockchain lenders to extend credit to the issuers that are driving that growth in stablecoin card activity.
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