Huo Xing Finance reports that, according to Visa, its annualized stablecoin settlement volume has surpassed $20 billion, representing more than a 15-fold year-over-year growth. In the second quarter, over 160 stablecoin-linked card programs had launched on Visa’s network, with related payment volumes increasing nearly 200% year-over-year, indicating that stablecoins are rapidly integrating into card payment and settlement systems. Visa is collaborating with Credit Coop to provide revolving credit lines denominated in stablecoins for early-stage stablecoin-linked card programs, used for daily Visa settlement funds. Credit Coop locks receivables via Spigot smart contracts, automates repayments, and integrates Visa’s daily settlement data for credit underwriting and risk control, having executed over 9,000 on-chain repayments with over $2.5 billion in cumulative financing and zero defaults. Card programs such as Rain, Karta, Moto, and Xplace have all secured settlement liquidity through this model and are building credit histories for future institutional financing.
Visa Stablecoin Annualized Settlement Volume Exceeds $20 Billion, Up 15x Year-over-Year
MarsBitShare
Summary
Visa’s annualized stablecoin settlement volume has surpassed $20 billion, a 15-fold year-over-year increase, representing a major advancement in digital payment infrastructure. In Q2, over 160 stablecoin-linked card programs launched on the Visa network, with payment volumes rising nearly 200% year-over-year. Visa partners with Credit Coop to offer stablecoin-denominated revolving credit lines, utilizing Spigot smart contracts to lock receivables and automate repayments. The system has executed over 9,000 on-chain, news-style repayments, with cumulative financing exceeding $2.5 billion and zero defaults. Programs such as Rain and Karta are leveraging this model to access settlement working capital and build credit histories for future financing.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.