Visa integrates on‑chain credit with its expanding stablecoin card network

Visa announced that it will merge settlement data from its VisaNet network with blockchain‑based lending infrastructure. The move is designed to give stablecoin‑linked card programs access to working capital by allowing lenders to evaluate settlement obligations using both Visa’s traditional settlement records and on‑chain transaction data.

How the on‑chain credit model works

Lenders will receive Visa settlement records alongside blockchain data, enabling them to assess borrowers’ repayment capacity and finance settlement obligations. Visa highlighted Credit Coop, a blockchain protocol that extends credit lines to businesses, as an early implementation of this model.

Credit Coop performance

• Financed more than $2.5 billion in cumulative settlement volume since 2023.
• Supported over 3,000 borrowing events and 9,000 repayments.

Growth of Visa’s stablecoin card ecosystem

Visa now hosts more than 160 stablecoin‑linked card programs. Payment volume through these programs has risen nearly 200% year over year, and the stablecoin settlement volume has surpassed a $20 billion annualized run rate, representing a more than 15‑fold increase from the prior year.

Broader stablecoin activity

Adjusted stablecoin transaction volume reached a record $1.79 trillion in June, with the past 30‑day volume around $1.2 trillion, according to Visa’s analytics dashboard. Visa’s stablecoin strategy includes participation in the OpenStandard consortium, which is developing the OpenUSD stablecoin and includes over 140 businesses such as Stripe.