Visa Expands Blockchain Lending Data for 160 Stablecoin Card Programs as Demand Jumps Nearly 200%
Updated
Updated · CNBC · Sep 8
Visa Expands Blockchain Lending Data for 160 Stablecoin Card Programs as Demand Jumps Nearly 200%
2 articles · Updated · CNBC · Sep 8
Summary
More than 160 Visa stablecoin-linked card programs will gain access to paired settlement and onchain lending data, a move the company says should help lenders assess issuers faster and speed borrowing.
Nearly 200% year-over-year growth in those card programs is driving the push, with Visa saying new stablecoin neobanks and fintech issuers are joining its network and launching cards every week.
A pilot with Credit Coop is testing smart-contract credit facilities for card providers; the platform says it has processed $2.7 billion in volume with no borrower defaults.
Visa says almost $700 billion in stablecoin-denominated loans have flowed through onchain protocols over six years, but much of that activity has stayed inside crypto markets.
Last year's GENIUS Act and Visa's July stablecoin platform launch have widened adoption, as banks and major payment companies explore stablecoin products alongside rivals such as Mastercard, PayPal and Circle.
With stablecoin card demand surging, will Visa’s new data-sharing strategy unlock massive fintech growth or trigger the systemic financial risks regulators fear?
As Visa merges traditional settlement data with onchain lending, are they secretly building the ultimate centralized credit bureau for the decentralized web?