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Morning Edition · Wednesday, September 9, 2026Published at 1:46 AM EDT · New York
Visa Opens Its Settlement Data to Blockchain Lenders Financing Stablecoin Cards
Visa's stablecoin settlement volume passed a $20 billion annualized run rate, a fifteenfold increase year over year, and the company now wants on-chain lenders to underwrite issuers using VisaNet records.
Visa is combining VisaNet settlement data with on-chain lending so that blockchain lenders can extend working capital to the companies issuing stablecoin-linked payment cards. Visa said its stablecoin settlement volume has passed a $20 bill…
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On-Chain Credit Moves From Collateral to Cash Flow
Payment networks and stablecoin issuers keep supplying verified transaction data to on-chain lenders, moving decentralized credit away from over-collateralized crypto lending toward underwriting real receivables, and creating a new dependence on a small number of data providers.
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