Visa (V) shares soar in stablecoin settlement business, trading volume increases 15 times

Core Highlights

The annual operating rate of stablecoin settlement business on Visa's platform has reached US$20 billion, a 15-fold increase compared with last year. Currently, more than 160 stablecoin-linked card projects are running on Visa's infrastructure, with transaction volume growing at an average annual rate of nearly 200%. Visa is integrating its VisaNet settlement information with a blockchain-based lending platform to provide working capital solutions for financial technology companies.

Since its launch in 2023, the decentralized lending agreement Credit Coop has supported total settlement volume of more than US$2.5 billion and has not recorded any default. The platform automated more than 3,000 loan transactions and 9,000 repayments through blockchain technology.

Visa demonstrates successful practice

Visa (V) is combining traditional payment infrastructure with blockchain-driven financing to address key working capital challenges for stablecoin projects running on its network.⚡️最新进展：Visa 现在正式支持 160 多个与稳定币挂钩的卡项目。The payments giant is expanding into on-chain lending, allowing companies focused on stablecoins to gain new financing options.

Cuy Sheffield, head of Visa's encryption department, once said that cards linked to stablecoins...(social media content is quoted here, specific image links are omitted)- Coin Bureau (@coinbureau), September 8, 2026

A plan announced on Tuesday shows that payment giants will share VisaNet settlement information and blockchain transaction data with appropriate customer permission. This combined dataset allows lenders to assess credit conditions and provide automated financing solutions for issuers using stablecoins.

The payment processor's stablecoin settlement activity has exceeded an annual operating rate of US$20 billion, more than 15 times larger than the previous year. Currently, more than 160 card projects utilizing stablecoins are running on Visa's infrastructure. Compared with the same period last year, the transaction volume of these projects surged by nearly 200%.

However, Visa pointed out that many fintech companies and emerging payment providers managing these projects face obstacles in obtaining working capital through traditional lending channels. Traditional financial institutions usually require significant size, established operating performance records, or labor-intensive risk control processes before approving credit lines.

This innovative approach aims to fill this gap by transparently providing lenders with settlement of accounts receivable (i.e., funds due to card items after the transaction is processed) combined with authenticated blockchain data.

Successful demonstration of Credit Coop

Visa has been testing the concept with Credit Coop. Credit Coop is a decentralized lending infrastructure that uses smart contracts for automated fund allocation, collateral supervision and repayment processing.

Since 2023, Credit Coop has facilitated financing of more than $2.5 billion in total settlements in various facilities. The initiative recorded more than 3,000 lending transactions and 9,000 repayment operations, all performed on the blockchain infrastructure and maintained a perfect repayment record.

Rubail Birwadker, who heads Visa's global growth products and partnerships, pointed out that stablecoins are "changing the way money flows" and opening up opportunities to reimagine the financial system that supports payment processing.

Visa's comprehensive stablecoin strategy

Visa's participation in stablecoins is an ongoing strategic initiative. In the company's third-quarter earnings presentation released in July, executives emphasized that Visa was "building every level of the stablecoin ecosystem," covering blockchain, digital wallets, technology infrastructure and end-user applications.

The company has also become a member of the OpenStandard Alliance, an initiative to develop OpenUSD stablecoins. This collaborative effort includes more than 140 participating organizations, of which Stripe is a well-known member.

The development comes about two weeks after CoinDesk reported that Visa was seeking a new stablecoin settlement partner with regulatory authority across various jurisdictions. Adjusted stablecoin trading volume in the broader market reached a record $1.79 trillion in June, according to data from Visa's proprietary analytics platform. In the last 30 days of activity, the total was approximately US$1.2 trillion.