ChainCatcher reports that, in an official blog post, Visa stated that stablecoin-linked cards are one of the fastest-growing segments on the network. In the second fiscal quarter, over 160 stablecoin-linked card projects launched globally, with payment volume increasing nearly 200% year-over-year and an annualized settlement volume exceeding $20 billion—more than a 15-fold increase. Visa noted that its collaboration with Credit Coop has introduced a stablecoin-based revolving credit tool that provides daily settlement funding for early-stage stablecoin card projects, with borrowing costs for some participating programs declining by over 30%.
Visa reports over 160 stablecoin-linked card projects launched in Q2, with payment volume growing 200%.
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Summary
Visa announced in a recent blog post that over 160 stablecoin-linked card projects were launched in Q2, with payment volume surging nearly 200% year-over-year. Annualized settlement volume exceeded $20 billion, a 15-fold increase from the prior year. The company also highlighted its partnership with Credit Coop, which provides daily settlement funding to support early-stage stablecoin card projects, reducing borrowing costs by over 30% in some cases. On-chain news continues to demonstrate strong momentum in the crypto sector.
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