Visa expands data-sharing with onchain lenders to support stablecoin card programs, reaching $20B annualized settlement volume.
DeFi & Yields ·
Visa is sharing VisaNet settlement data with blockchain lenders to help them evaluate credit risk for stablecoin-linked card programs, in a pilot arrangement with Credit Coop. The payment company's stablecoin settlement volume has reached $20 billion on an annualized basis, a roughly 15-fold increase year-over-year, across more than 160 active card programs that combine settlement records with onchain credit infrastructure to accelerate lending decisions.