Visa opens settlement data to blockchain lenders for stablecoin card credit

Visa is opening its settlement data to blockchain lenders so they can extend working capital to the stablecoin card issuers driving its growth. The push follows Visa's stablecoin settlement volume passing a $20 billion annualized run rate, up 15x year over year.

The move aims to let lenders use VisaNet transaction data to finance card programs as stablecoin-funded cards scale beyond trading into everyday payments.