Visa Expands Blockchain Lending Data Services
Visa will combine settlement data with on-chain lending infrastructure to provide stablecoin card issuers and digital-asset fintech companies with more information for financing assessments.
What are the key facts?
- 1Visa will provide more data to blockchain lending companies
- 2Visa operates more than 160 stablecoin-linked card programs
- 3Stablecoin-linked card programs grew nearly 200% year over year
- 4Visa will combine settlement data with on-chain lending infrastructure
What happened?
Visa said it will provide more data to companies that conduct lending on blockchains as demand for stablecoin-linked cards continues to grow strongly. Visa plans to combine settlement data with on-chain lending infrastructure to help lenders better understand the financial performance of digital-asset fintech companies and card issuers, and accelerate borrowing processes for these rapidly expanding businesses. Visa currently operates more than 160 stablecoin-linked card programs for issuers and program managers, up nearly 200% year over year. Cuy Sheffield, Visa's head of crypto, said stablecoin-linked cards are in a period of rapid growth, with stablecoin neobanks and fintech companies continuing to join the network and launch cards. To meet demand and capital needs, Visa is building partnerships through which smart contracts and on-chain credit can provide financing programs to new issuers. Visa also said that nearly $700 billion in stablecoin-denominated loans had been issued through on-chain lending protocols over the past six years. The company launched a stablecoin platform in July to support settlement, expand stablecoin-linked card programs and help financial institutions gain new digital-asset capabilities.
What does this mean for cross-border sellers?
Stablecoin-linked cards and on-chain financing infrastructure are developing rapidly, and cross-border sellers may encounter more stablecoin-based collection, settlement or financial services. When choosing such payment services, verify the settlement process, data use and the operating status of the financing provider.
What should sellers do now?
- 1Review your existing cross-border collection and settlement methods this week, and separately record whether they involve stablecoins, on-chain accounts or digital-asset services.Exchange rate calculator
- 2If you plan to adopt stablecoin payments or related card services, ask providers for the settlement process, fund-availability timing and data-use disclosures, and retain them internally.Industry News
- 3Compare stablecoin collection options with existing methods in parallel, first testing settlement, refunds and reconciliation with small-value orders rather than immediately switching all collection channels.