Visa Expands Stablecoin Cards With Onchain Credit

Visa is adding onchain credit capabilities to its expanding stablecoin card business, according to Cointelegraph. The company is combining settlement information from VisaNet with blockchain-based lending as stablecoin payment volume on its network rises nearly 200% year over year. The move links Visa’s existing payments infrastructure with lending activity on blockchain networks, although the supplied information does not identify specific protocols, card issuers or lending terms. Visa’s stablecoin-related card activity comes as transaction volume across its network continues to grow, highlighting the increasing role of digital-dollar payments in its business. The company’s approach centers on using VisaNet settlement data alongside onchain credit, rather than describing a new cryptocurrency asset or investment product.