Visa says stablecoin settlement passed a $20B annualized run rate; onchain lending launched with Credit Coop

Visa said its stablecoin settlement volume surpassed a $20 billion annualized run rate, up more than 15 times year over year. It also announced a link between VisaNet settlement data and onchain lending, with Credit Coop as the first example. Credit Coop reports more than $2.5 billion of financed settlement volume since 2023 with no defaults across participating facilities, and Visa says more than 160 stablecoin-linked card programs are live with payment volume up nearly 200%.

• Stablecoin settlement run rate above $20B, up more than 15x year over year
• More than 160 stablecoin-linked card programs; volume up nearly 200%
• Credit Coop reports more than $2.5B financed since 2023
• Lenders combine VisaNet settlement data with onchain records