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Visa integrates on-chain credit with stablecoin card services

Visa is enhancing its stablecoin card program by combining traditional settlement data with blockchain lending, amid a surge in stablecoin payment volume.

AS1 NewsSource: cointelegraph.com

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USDC$0.9998+0.00%USDT$0.9997-0.01%

Visa is advancing its stablecoin card services by incorporating on-chain credit features, leveraging blockchain lending data alongside VisaNet settlement information. This move comes as the volume of stablecoin payments on Visa's network has increased by nearly 200% year over year, indicating growing adoption of crypto-based payment solutions. The integration aims to provide more seamless and efficient credit options for users engaging in stablecoin transactions, potentially expanding the utility and reach of crypto payments. While details on the specific mechanisms are limited, this development underscores Visa's ongoing efforts to bridge traditional financial infrastructure with blockchain technology, supporting the evolving landscape of digital currencies and on-chain finance.

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The integration of on-chain credit with stablecoin card services could enhance the utility and adoption of stablecoins in mainstream payments, reflecting a significant step in crypto infrastructure development.