Visa Taps Blockchain Lenders to Extend Credit Using VisaNet Stablecoin Data

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Visa has announced a plan to combine its VisaNet transaction data with onchain lending to provide working capital for stablecoin card issuers. The payments giant's stablecoin settlement volume has surpassed a $20 billion annualized run rate, representing a 15-fold increase year over year. The initiative aims to allow blockchain-based lenders to use Visa's proprietary transaction data as a basis for extending credit. This move is designed to support the issuers who are driving the rapid growth in Visa's stablecoin settlement activity.

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