Visa integrates VisaNet data with on-chain lending to provide financing for stablecoin payment firms.

Visa announced it will integrate VisaNet payment settlement data with on-chain lending infrastructure to provide working capital financing for stablecoin payment card projects and fintech firms. The company said over 160 stablecoin-linked card projects are already on its network, with payment transaction volume growing nearly 200% year-over-year. As stablecoin payments surge, demand for working capital among related businesses is rising, but traditional financial institutions typically require companies to have a certain scale and operating history, making it difficult for emerging payment firms to secure financing. Under the new framework, after obtaining customer authorization, Visa can combine settlement receivable data from VisaNet with on-chain transaction records to assess borrowers’ credit performance and automate parts of the settlement financing process. Simply put, stablecoin card projects will in the future use receivables generated from their own payment settlements as the basis for financing. Visa has previously tested this model with decentralized lending platform Credit Coop. Since 2023, the model has supported cumulative financing settlement volume exceeding $2.5 billion, with zero defaults in the financing mechanism, and completed more than 3,000 borrowings and 9,000 repayments on-chain. Visa noted that its current stablecoin settlement volume has reached an annualized scale of over $200 billion, growing roughly 15 times year-over-year. As stablecoin payment scale continues to expand, the company is working to further convert payment data into on-chain financing capabilities.