Visa is combining VisaNet settlement data with blockchain-based lending infrastructure, allowing lenders to finance payment obligations using data from the Visa network. More than 160 stablecoin-linked card programs now operate on its network, with payment volume up nearly 200% year over year. Stablecoin settlement volume has surpassed a 20 billion dollar annualized run rate, more than 15 times year-ago levels. Credit Coop, a blockchain-based credit protocol, has financed more than 2.5 billion dollars in cumulative settlement volume since 2023, involving over 3,000 borrowing events and 9,000 repayments. Adjusted stablecoin transaction volume reached a record 1.79 trillion dollars in June.
Source: Read the original article
