Visa’s Stablecoin Strategy Turns Settlement Data Into Working Capital Infrastructure
The payments industry has traditionally talked about transaction data as something companies can analyze after money moves. But card networks are now beginning to test using payment data to determine how much money can move next. On Tuesday (Sept. 8), Visa announced an initiative combining VisaNet settlement data with blockchain-based lending infrastructure to provide working capital to…
Visa has launched an initiative that uses its settlement data and blockchain-based lending infrastructure to provide working capital for stablecoin-linked card programs and FinTechs. Visa is making settlement receivables observable and financeable in near real-time. This move allows businesses to access capital in a more transparent, programmable, and timely manner, addressing the traditional timing mismatch between settlement obligations and fund receipt from cardholders.
Visa has over 160 stablecoin-linked card programs operating on its network, with payment volumes increasing by more than 200% year-over-year and stablecoin settlement volume reaching $20 billion annually. Visa estimated that over $694 billion in stablecoin-denominated loans have moved through on-chain lending protocols since 2020.
By connecting stablecoin settlement data with on-chain lending, companies could potentially borrow more precisely and dynamically, with repayment occurring automatically and collateral requirements adjusting based on exposure. This approach could transform the relationship between payments and credit, embedding financing directly into the transaction lifecycle.
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