Visa combines VisaNet data with onchain lending to power stablecoin card working capital
Visa is integrating its internal payment data with onchain lending protocols to provide working capital for stablecoin-linked card programs. This initiative aims to automate settlement financing and overcome traditional underwriting hurdles for emerging payment companies.
Why it matters
This represents a significant step in bridging traditional financial infrastructure with decentralized finance, potentially increasing the efficiency and adoption of stablecoins in global commerce.
The move could give lenders a clear view of a payment card program's settlement receivables, the money it is due after payments clear. With customer authorization, that data can be combined with onchain transaction records to assess credit performance and automate parts of settlement financing.
Visa's announcement comes two weeks after CoinDesk obtained exclusive access to documents showing Visa is seeking a new stablecoin settlement partner with licensing capabilities across several regions as the fiat-pegged digital asset race intensifies. Stablecoins - digital tokens pegged to the value of a traditional financial assets, usually fiat currencies, have become a priority for the large card networks and payment companies, including Visa, Mastercard and Stripe .
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