Visa is connecting its VisaNet settlement information with blockchain-based lending platforms, creating a financing route for stablecoin-linked card programs and fintechs that face barriers in conventional credit markets. With customer permissions, lenders can combine settlement receivables, which represent funds owed after card transactions are processed, with authenticated blockchain transaction data to evaluate creditworthiness and automate funding, collateral management and repayment. Visa's stablecoin settlement activity has surpassed a $20 billion annualized run rate, more than 15 times last year's level. More than 160 stablecoin-linked card programs were live in its fiscal second quarter, and payment volume across those programs rose nearly 200% year over year. Stablecoin activity across the broader market also expanded, with more than $14.1 trillion in transaction volume and over 3.9 billion transactions recorded during the latest three-month period cited by Visa's analytics dashboard. Visa has tested the lending model with Credit Coop, a decentralized lending protocol using smart contracts. Since its 2023 launch, Credit Coop has supported more than $2.5 billion in aggregate settlement volume, executed more than 3,000 loan transactions and 9,000 repayments, and recorded no defaults. Visa's analytics dashboard also showed more than $16 billion in stablecoin-denominated loans moved through lending protocols during the latest month, involving over 1.6 million borrowers. The initiative is part of Visa's broader stablecoin strategy across blockchains, wallets, infrastructure and applications. The company has expanded its settlement infrastructure to nine blockchain networks, launched a stablecoin platform for banks and fintechs, and joined the OpenStandard consortium, which includes more than 140 organizations and is developing the OpenUSD stablecoin.