Visa is looking to connect data from its VisaNet payments network with blockchain-based lending as stablecoin settlement activity expands. According to CoinDesk, Visa’s stablecoin settlement volume has exceeded a $20 billion annualized run rate, representing a 15-fold increase from a year earlier. The payments company now wants blockchain lenders to use VisaNet data to provide credit to stablecoin issuers supporting that growth. The effort focuses on working capital for issuers connected to stablecoin card activity. Visa’s approach would combine transaction information from its established payments network with onchain lending markets, although the source material does not provide details on participating lenders, lending terms or a launch timetable. The development comes as Visa’s reported stablecoin settlement volume continues to scale from its level one year ago.
Source
CoinDesk
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