Visa has introduced a new onchain credit approach designed to help stablecoin-linked card programs and fintechs access working capital. According to Visa, the initiative combines VisaNet settlement data with blockchain lending infrastructure to give lenders deeper visibility into program performance and facilitate automated financing.
Bridging Traditional Payments and Onchain Infrastructure
The payments giant is scaling its efforts to integrate blockchain technology into mainstream financial workflows. According to Visa, more than 160 stablecoin-linked card programs currently operate on its network, with payment volumes across these programs growing by nearly 200 percent year-over-year. Furthermore, Visa stated that its stablecoin settlement volume recently surpassed an annualized pace of 20 milliards de dollars, marking a more than 15-fold increase compared to the previous year.
To support this expansion, the new lending framework uses payment data to help lenders evaluate opportunities and disburse capital. Rubail Birwadker, global head of growth products and partnerships at Visa, noted that stablecoins are reshaping how money moves while creating opportunities to redesign underlying financial infrastructure. According to Birwadker, combining payment data with onchain technology unlocks new liquidity and helps businesses access capital with the speed of modern commerce.
Real-World Implementation with Credit Coop
Visa’s collaboration with Credit Coop serves as the initial model for this onchain credit framework. According to Visa, the partnership provides working capital and settlement funding for stablecoin card programs by deploying smart contracts to automate funding, collateral management, and repayments.
With customer consent, Credit Coop merges Visa settlement data with onchain transaction records. This data combination allows lenders to assess credit performance and automate settlement financing. According to company figures, this model has supported over 2,5 milliards de dollars in cumulative funded settlement volume since 2023, maintaining zero defaults across participating facilities. Additionally, the infrastructure has processed more than 3,000 borrowing events and 9,000 repayment events programmatically onchain.
Expanding Beyond Crypto Markets
The move follows broader strategic initiatives by Visa, including the launch of the Visa Stablecoin Platform, which enables stablecoin settlements for financial institutions. According to data cited by Zonebourse, more than 694 MdsUSD of stablecoin loans have been issued through onchain lending protocols since 2020 via the Visa Onchain Analytics Dashboard.
While onchain lending has historically concentrated within crypto-native markets, Visa aims to extend these financial tools to everyday business payments. Company leadership views onchain credit as a natural extension of its strategy to connect traditional financial rails with emerging digital asset technologies, establishing transparent audit trails for institutional borrowers and lenders alike.