Visa Integrates Onchain Lending into Stablecoin Business to Enhance Payment Financing
Payment giant Visa announced the integration of its settlement network with blockchain-based lending infrastructure, enabling lenders to finance payment obligations using both VisaNet settlement data and onchain transaction records. This move expands onchain lending beyond crypto markets into payment settlements and supports the rapid growth of stablecoin-linked card programs, with settlement volumes surpassing $20 billion on an annualized basis.
Visa Connects Settlement Data with Onchain Lending
Visa announced that settlement information from VisaNet will be integrated with blockchain lending infrastructure, allowing lenders to finance payment obligations using data both from the Visa network and onchain transactions. This initiative enables a comprehensive assessment of borrowers and expands onchain lending use cases into payment settlements.
The company highlighted Credit Coop, a blockchain-based lending protocol, as an early example. Since 2023, Credit Coop has financed over $2.5 billion in cumulative settlement volumes, encompassing more than 3,000 borrowing events and 9,000 repayments.
Growth of Stablecoin Payments within Visa’s Network
Rubail Birwadker, Visa’s global head of growth products and partnerships, emphasized that stablecoins are transforming how money moves and creating new opportunities to rethink payment financial infrastructure. Currently, over 160 stablecoin-linked card programs operate on Visa’s network, with payment volumes increasing nearly 200% year-over-year.
Visa’s stablecoin settlement volume has surpassed a $20 billion annualized run rate, more than 15 times higher than the previous year’s level.
Visa’s Strategic Expansion in the Stablecoin Ecosystem
Visa is investing across the stablecoin stack layers, including blockchains, wallets, infrastructure, and applications. Part of this strategy is joining the OpenStandard consortium, aiming to issue the OpenUSD stablecoin and composed of over 140 businesses such as Stripe.
Amidst rising stablecoin activity, adjusted stablecoin transaction volume hit a record $1.79 trillion in June, with approximately $1.2 trillion volume recorded in the past 30 days, according to Visa’s analytics dashboard.
Why it matters
The integration of onchain lending with Visa’s settlement network represents a key advancement in embedding blockchain technologies within traditional payment financial infrastructures. This development expands onchain credit functions beyond crypto markets, enhancing access to working capital for stablecoin-linked programs. Bringing such innovations into a major payment network level can accelerate digital currency adoption in everyday payments, improve liquidity, and increase settlement speed—benefiting both businesses and end-users alike.
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