Visa is expanding its stablecoin strategy with an on-chain credit model designed to help stablecoin-linked card programs and fintechs access working capital through blockchain lending.
The company is combining VisaNet settlement data with onchain credit infrastructure, giving lenders visibility into payment programs and helping assess financing opportunities.
Onchain Lending Moves Closer to Payments
According to the Visa Onchain Analytics Dashboard, more than USD 694 billion in stablecoin-denominated loans have moved through onchain lending protocols since 2020.
Most activity has remained inside crypto markets. Visa aims to connect onchain liquidity with payment companies that need capital to meet settlement obligations.
“Stablecoins are not only changing how money moves, but they’re also creating opportunities to rethink the financial infrastructure that supports payments,” said Rubail Birwadker, Global Head of Growth Products and Partnerships, Visa.
Stablecoin Card Activity is Growing
Visa said more than 160 stablecoin-linked card programs operate on its network, while payment volume across those programs has increased nearly 200% year over year.
Stablecoin settlement volume has surpassed a USD 20 billion annualized run rate, more than 15 times higher than a year earlier.
The company launched the Visa Stablecoin Platform to expand stablecoin settlement and digital-asset capabilities.
Credit Coop Shows the Model in Practice
Visa pointed to Credit Coop as an early example. With customer authorization, Credit Coop combines Visa settlement data with on-chain transaction records to assess credit performance and automate funding, collateral management and repayment through smart contracts.
The model has supported more than USD 2.5 billion in cumulative financed settlement volume since 2023 with zero defaults. It has processed more than 3,000 borrow events and 9,000 repayment events on-chain.
“Payment companies have always had good collateral in their settlement receivables, but no way to show lenders how it performs in real time,” said Chris Walker, Founder and CEO, Credit Coop.
Final Thoughts
Visa’s move brings onchain lending closer to payment infrastructure. If the model scales, fintechs could access working capital faster while lenders gain transparent repayment data.
The development shows stablecoins expanding beyond transfers into credit, treasury management and programmable financial services.
Also Read: Stablecoin Donations Support Nepal’s Prime Minister Disaster Relief Fund
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