Chris Walker

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Visa uses onchain lending to finance stablecoin card programs

Leading the onchain lender that built Visa's settlement-financing layer

Visa's stablecoin-linked card programs grew payment volume nearly 200% year over year, and their settlement run rate just passed $20 billion at an annualized pace. Those programs must fund daily settlement obligations before cardholders repay them, a working-capital gap that bank credit lines were too slow and too rigid to fill.

Updated 1 hour ago

Notable Quotes

Payment companies have always had good collateral in their settlement receivables, but no way to show lenders how it performs in real time. By combining Visa settlement data with onchain infrastructure, we can evaluate live performance, enforce repayment from the settlement flow and extend capital onchain from participating lenders as a program grows.

from Visa uses onchain lending to finance stablecoin card programs · Updated 1 hour ago