Visa is combining VisaNet settlement data with blockchain lending as stablecoin payment volume on its network jumps nearly 200% year over year.
Payment giant Visa is connecting its settlement network with onchain lending, giving stablecoin-linked card programs another way to access working capital, potentially expanding the role of onchain lending from crypto markets into payment settlement.
The company announced Tuesday that settlement data from VisaNet will be combined with blockchain-based lending infrastructure, allowing lenders to finance payment obligations using data from the Visa network. The initiative enables lenders to use Visa settlement records alongside onchain transaction data to assess borrowers and finance their settlement obligations.
Visa highlighted Credit Coop, a blockchain-based protocol that extends credit lines to businesses, as an early example of the model. Credit Coop has financed more than $2.5 billion in cumulative settlement volume since 2023 across participating facilities, involving more than 3,000 borrowing events and 9,000 repayments.
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