The Investor
08 Sep 2026, 17:05
Visa Expands Stablecoin Strategy With Onchain Lending for Payment Companies
Visa (NYSE: V) is expanding deeper into blockchain-based finance with a new onchain credit model designed to provide working capital to stablecoin-linked card programs and fintech companies.
The payments giant is combining VisaNet settlement data with blockchain lending infrastructure, allowing lenders to assess how payment programs are performing and potentially provide financing through onchain credit markets. Visa said more than $694 billion in stablecoin-denominated loans have moved through onchain lending protocols since 2020.
The initiative builds on Visa’s rapidly growing stablecoin business. More than 160 stablecoin-linked card programs now operate on its network, with payment volume from those programs increasing nearly 200% year over year. Visa’s stablecoin settlement volume has also surpassed a $20 billion annualized run rate, more than 15 times the level a year earlier.
An early implementation involves Credit Coop, which uses smart contracts and Visa settlement data to provide working capital and settlement financing. The model has supported more than $2.5 billion in cumulative financed settlement volume since 2023, with zero defaults across participating facilities.
Visa said the infrastructure has processed more than 3,000 borrowing events and 9,000 repayments programmatically onchain.
The move represents another step in Visa’s effort to connect traditional payment infrastructure with stablecoins and blockchain technology. By using real-world VisaNet payment data to support underwriting and automated repayment, Visa is seeking to extend onchain lending beyond crypto markets and into everyday commercial payments.
Visa (NYSE: V) is expanding deeper into blockchain-based finance with a new onchain credit model designed to provide working capital to stablecoin-linked card programs and fintech companies.
The payments giant is combining VisaNet settlement data with blockchain lending infrastructure, allowing lenders to assess how payment programs are performing and potentially provide financing through onchain credit markets. Visa said more than $694 billion in stablecoin-denominated loans have moved through onchain lending protocols since 2020.
The initiative builds on Visa’s rapidly growing stablecoin business. More than 160 stablecoin-linked card programs now operate on its network, with payment volume from those programs increasing nearly 200% year over year. Visa’s stablecoin settlement volume has also surpassed a $20 billion annualized run rate, more than 15 times the level a year earlier.
An early implementation involves Credit Coop, which uses smart contracts and Visa settlement data to provide working capital and settlement financing. The model has supported more than $2.5 billion in cumulative financed settlement volume since 2023, with zero defaults across participating facilities.
Visa said the infrastructure has processed more than 3,000 borrowing events and 9,000 repayments programmatically onchain.
The move represents another step in Visa’s effort to connect traditional payment infrastructure with stablecoins and blockchain technology. By using real-world VisaNet payment data to support underwriting and automated repayment, Visa is seeking to extend onchain lending beyond crypto markets and into everyday commercial payments.
