Visa Links VisaNet Settlement Data to Onchain Lending for Stablecoin Cards
Visa is combining VisaNet settlement data with onchain lending infrastructure to provide working capital for stablecoin-linked card programs and fintechs. With customer authorization, it can merge settlement receivables with onchain transaction records to gauge credit performance and automate settlement financing. Visa says 160+ stablecoin-linked card programs run on its network, payment volume is up nearly 200% YoY, and it has supported $2.5B in financed settlement volume since 2023 with zero defaults.