Visa2026-10-01 13:24:06Visa says nearly 17% of its stablecoin-linked card volume this fiscal year came from businessesAccording to The Block, new data released by Visa shows that nearly 17% of the company’s stablecoin-linked card transaction volume in fiscal 2026 year-to-date has come from businesses and commercial programs. The update points to a growing share of activity beyond retail users. Visa also said it now supports more than 160 stablecoin-linked card programs. At the same time, payment volume tied to those programs has climbed by nearly 200% year over year, based on the figures cited in the report. The data offers a snapshot of how stablecoin card usage is developing inside Visa’s network, with business and commercial use accounting for a meaningful portion of total volume so far in the current fiscal year.100
Visa2026-09-09 23:17:17Visa says annualized stablecoin settlement volume has passed $20 billion, with more than 160 linked card programs liveVisa said its stablecoin settlement volume has exceeded an annualized $20 billion, rising more than 15-fold from a year earlier. The company also said more than 160 stablecoin-linked card programs are now live globally, while payment volume tied to those programs has grown by nearly 200% year over year. According to Visa, these card programs need to complete daily settlement before cardholders repay, and some programs require only a few million dollars of funding per settlement while operating on a seven-day settlement cycle. Visa added that some crypto-linked card businesses are constrained by the working capital needed to match that continuous settlement rhythm. It said onchain credit can cut financing costs by as much as 30%. Visa also referenced a revolving credit tool denominated in stablecoins that Credit Coop launched in partnership with the company. The tool has processed more than 9,000 repayments onchain. Visa said the platform has facilitated more than $2.5 billion in cumulative financing, handled more than 3,000 borrowings and 9,000 repayments, and has recorded no defaults. Visa Principal Member Rain has used the tool since August 2023 to finance daily settlement.780
Kulipa2026-07-31 02:40:48Kulipa shuts down, disrupting card programs tied to about 20 crypto walletsParis-based startup Kulipa has abruptly ceased operations over debt repayment issues, according to The Defiant, triggering a halt in card programs used by roughly 20 crypto wallet and fintech companies. The disruption hit self-custody wallet Ready, formerly Argent, and Solana wallet Solflare, with card services suspended immediately for users. The report said user assets were not affected because both wallets use a self-custody model in which funds are debited from users’ wallets only at the time of spending. The shutdown came only about four months after Kulipa raised $6.2 million in a seed round co-led by Flourish Ventures and 1kx in April this year. The episode highlights how operational failures at infrastructure providers can interrupt consumer-facing crypto payment products even when underlying user funds remain untouched.2030
