Visa Links VisaNet Data With On-Chain Lending To Fund Stablecoin Cards

Stablecoin News

Visa announced on Sept. 8 that it is connecting its VisaNet settlement network with blockchain-based lending infrastructure.

The goal is to givestablecoin-linked card programs and fintechs a new path to working capital outside traditional credit channels. Lenders participating in the modelcan access a payment business’s settlement receivables—the money it is owed after transactions clear—and combine that with on-chain transaction records to assess creditworthiness and set financing terms.

Traditional lenders typically require a borrower to have significant operating history, proven scale, or to go through manual underwriting before credit is extended. Visa’s model is designed to replace that process with payment <a href="https://xpertsstudio.com/when-will-xrp-price-hit-100-data-says-not-yet-heres-why-news/” title=”When Will XRP Price Hit $100? Data Says Not Yet, Here’s Why | News”>data and on-chain automation, making it faster and more accessible for smaller or newer payment businesses.

“We’re seeing how trusted payment data and onchain technologies can work together to unlock new forms of liquidity, helping businesses access capital in ways that are more transparent, programmable and aligned to the speed of modern commerce,” said Rubail Birwadker, Visa’s global head of growth products and partnerships.

Visa has been piloting this approach with Credit Coop, a decentralized lending platform that usessmart contracts to automate funding, collateral management, and repayment. With customer authorization, Credit Coop pulls Visa settlement data alongside blockchain records to evaluate credit performance and manage the loan lifecycle entirely on-chain. Repayments are collected directly from incoming settlement funds, reducing manual intervention.

The model has financed more than $2.5 billion in cumulative settlement volume since 2023, with zero defaults recorded across participating facilities. It has processed more than 3,000 borrowing events and 9,000 repayment events programmatically on-chain. Visa did not name other participating lenders in the announcement, nor did it disclose financing rates or a broader rollout timeline.

Related Article: Visa, Dunamu Team Up To Explore Stablecoin Payments and AI Commerce

Stablecoin Settlement Volume Tops $20B Annualized Rate

The initiative comes as Visa’s stablecoin business has grown sharply. More than 160 stablecoin-linked card programs now run on its network, with payment volume up nearly 200% year-over-year. Stablecoin settlement volume has surpassed a $20 billion annualized run rate, more than 15 times the level recorded a year earlier. On-chain lending protocols more broadly have processed more than $694 billion in stablecoin loans since 2020

Visa has been building out its stablecoin infrastructure across multiple fronts. In April 2026, it added five blockchains—Arc, Base, Canton, Polygon, and Tempo—to its settlement program, bringing the total to nine supported networks and disclosing a $7 billion annualized settlement rate at that time. In July, the company launched a stablecoin platform for banks and fintechs, combining issuance, wallets, transfers, and treasury management with its existing payment infrastructure.

Adjusted stablecoin transaction volume across the broader market reached a record $1.79 trillion in June 2026, according to Visa’s analytics dashboard, with volume over the trailing 30 days running at approximately $1.2 trillion. Visa has also joined the OpenStandard consortium, which plans to issue the OpenUSD stablecoin and counts Stripe among more than 140 participating businesses. The company said during its fiscal Q3 2026 earnings call that it is investing in each layer of the stablecoin stack, covering blockchains, wallets, infrastructure, and applications.

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