Visa plans to combine VisaNet data with onchain lending to provide working capital for stablecoin card issuers as settlement volume surpasses a $20B annualized run rate

Visa will merge VisaNet settlement data with onchain lending infrastructure so stablecoin-linked card programs and fintechs can access working capital, the company said Tuesday. With customer authorization, lenders can view settlement receivables and combine that data with onchain transaction records to assess credit and automate parts of settlement financing. Visa said over 160 stablecoin-linked card programs now run on its network, with payment volume up nearly 200% year over year. The firm noted emerging payment companies struggle to get capital from traditional lenders requiring scale, history or manual underwriting. The move follows reports that Visa is seeking a multi-region stablecoin settlement partner.

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