Visa launches on-chain lending program to fund stablecoin-linked card programs

Visa said it has launched a program to help stablecoin-linked card programs and FinTechs access working capital through on-chain lending. The initiative combines VisaNet settlement data with on-chain credit infrastructure to support financing decisions.

On-chain lending backed by VisaNet data

Visa said the program uses settlement data from its VisaNet payment network alongside on-chain credit infrastructure. The company said it helps lenders evaluate financing opportunities and extends capital to emerging payment companies.

Visa global head of growth products and partnerships Rubail Birwadker said stablecoins are changing how money moves and creating new ways to access liquidity. He said trusted payment data and on-chain technologies can support capital access aligned with the speed of modern commerce.

Stablecoin settlement growth on Visa network

Visa reported that the payment volume of stablecoin-linked card programs on its network has grown nearly 200% year over year. It also said its annualized stablecoin settlement volume increased more than 15 times year over year to surpass $20 billion.

Credit Coop to use settlement and on-chain records

Credit Coop, which provides working capital and settlement financing for stablecoin-linked card programs, combines Visa settlement data with on-chain transaction records. Visa said this approach helps assess credit performance and support automated settlement financing.

Credit Coop Founder and CEO Chris Walker said payment companies already have collateral in settlement receivables, but lacked a real-time way to show performance to lenders. He said combining Visa settlement data with on-chain infrastructure enables live performance evaluation, repayment enforcement from settlement flow, and on-chain capital extension from participating lenders as programs grow.

Built on top of Visa’s stablecoin infrastructure

The program follows Visa’s July launch of the Visa Stablecoin Platform, now in beta with select clients. Visa said the platform provides a single managed environment for minting, redeeming, holding and transferring stablecoins.

In April, Visa said it added five more blockchains to its global stablecoin settlement pilot, bringing the total number of supported blockchains to nine.

Why it matters

Visa is positioning payment network settlement data as a foundation for credit and liquidity in stablecoin-linked payment flows, aiming to speed up lending decisions using real-time payment performance signals.