Crypto
Visa expands stablecoin card finance with blockchain loans
Visa is combining VisaNet payment and settlement data with blockchain-based lending to help stablecoin-linked card operators finance working capital. The company unveiled a structure that uses settlement records and on-chain transaction data so lenders can assess creditworthiness and provide daily settlement funds. Credit Coop is an early example, building a revolving stablecoin credit line backed by card receivables and automated via smart contracts. Visa also reported rapid growth in stablecoin-linked card programs and settlement volumes.
