Home›Crypto›Stablecoins›Visa blends VisaNet settlement data with onchain lendi…

Visa blends VisaNet settlement data with onchain lending for stablecoin credit

Visa said an early version with Credit Coop has financed over $2.5 billion in settlement volume since 2023 with zero defaults.

Reported · Written up by our desk · Stablecoins

Visa is combining its VisaNet settlement data with onchain lending infrastructure to help stablecoin-linked card programs and fintechs obtain working capital, the company said Tuesday.

The system uses authorized settlement and blockchain transaction data to inform credit assessments and automate parts of settlement financing. Visa said lenders could gain clearer visibility into card program settlement receivables, then use that information alongside onchain records to evaluate credit performance.

Visa added that emerging payment companies often struggle to secure working capital from traditional lenders, which may require scale, operating history, or manual underwriting before extending credit.

Visa said it has been running an early version of the model with Credit Coop, and it has supported more than $2.5 billion in cumulative financed settlement volume since 2023, with no defaults across participating facilities. It also cited more than 3,000 borrow events and 9,000 repayment events processed programmatically onchain.

More like this

Sources