Technology
Visa expands data access for blockchain lenders amid rising stablecoin card demand
CNBC reports that Visa is widening data offerings for blockchain lenders as stablecoin-linked card programs multiply.
The short version
- Visa announced it is expanding data sharing with blockchain lenders to support surging adoption of stablecoin-linked cards.[CNBC]
- The payments network currently runs over 160 stablecoin card programs, reflecting nearly 200% growth year over year.[CNBC]
- Visa has partnered in a pilot with Credit Coop to facilitate an onchain credit facility for card issuers.[CNBC]
Key facts
- Visa announced it is expanding data offerings to firms lending on the blockchain.[CNBC]
- Visa operates over 160 stablecoin-linked card programs, representing a nearly 200% year-over-year increase.[CNBC]
- Visa has been conducting a pilot with Credit Coop to enable a credit facility for stablecoin-linked card providers.[CNBC]
- Visa reported that nearly $700 billion in stablecoin-denominated loans have moved through onchain lending protocols over the last six years.[CNBC]
What remains uncertain
- Credit Coop claims zero borrower defaults across $2.7 billion in volume, but this performance metric has not been independently verified.[CNBC]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.