# Visa Connects VisaNet Data to Blockchain Lending for Stablecoins

**Published:** 2026-09-11T08:54:09.399Z  
**Topic:** Crypto Lending  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/19f13c97-15e7-4dbc-b779-d135d4c69c03

Visa is using VisaNet settlement data to fuel onchain credit for stablecoin card programs, which have grown to a $20 billion annualized run rate.

Visa is integrating its VisaNet settlement data with blockchain-based lending infrastructure to provide working capital for stablecoin-linked card programs, a move that has already facilitated $2.5 billion in cumulative financing since 2023 [1, 2]. The initiative aims to bridge the gap for emerging fintechs that struggle to secure traditional credit due to a lack of operating history or scale [1, 2].

| At a glance | |
|---|---|
| Stablecoin Run Rate | $20 Billion |
| Year-over-Year Growth | 15x |
| Cumulative Financing | $2.5 Billion |
| Card Programs | 160+ |

## Bridging Traditional Data and Onchain Credit
The initiative allows authorized payment companies to share their VisaNet settlement information with lenders, who then use that data alongside onchain transaction records to evaluate creditworthiness [2]. By providing lenders with a clearer view of a program’s receivables and cash flow, Visa aims to automate funding, collateral management, and repayment via smart contracts [2]. This approach replaces manual reconciliation processes, which have historically slowed capital access for smaller operators [2].

Visa’s stablecoin-linked card network has expanded rapidly, with more than 160 programs now operating on the network [1]. Payment volume for these programs has increased nearly 200% year-over-year, while the annualized settlement volume has surged more than 15-fold to exceed $20 billion [1, 3]. An early implementation of this model with Credit Coop has processed over 3,000 borrowing events and 9,000 repayments onchain, with no reported defaults across the participating facilities [1, 2].

## Market Implications and Uncertainties
While the strategic logic centers on using Visa’s massive transaction dataset to de-risk lending in a data-starved sector, the operational mechanics remain in early stages [3]. Visa has not disclosed the identities of additional lending partners, specific interest rates, or the eligibility requirements for these credit facilities [2]. 

Furthermore, the initiative is not a consumer credit product, nor is Visa acting as the lender [2]. The company is positioning itself as the "connective tissue" between traditional payment data and programmable onchain credit, betting that lenders will prefer using Visa’s verified settlement history over relying solely on native blockchain analytics [3]. Whether this model gains broad adoption among other blockchain lenders remains to be seen, as some may continue to favor independent onchain data solutions [3].

## What to watch
*   **Partnership Announcements:** Monitor for the disclosure of specific lending partners or additional card programs joining the initiative, as Visa has yet to name participants beyond Credit Coop [2, 3].
*   **Operational Scaling:** Watch for further details on interest rates and collateral requirements, which will determine how accessible this financing becomes for smaller, newer stablecoin-linked card operators [2].
*   **Data Integration:** Observe whether other blockchain lenders adopt Visa’s data-sharing model or if they continue to prioritize native onchain analytics for underwriting [3].

The success of this project hinges on whether Visa’s traditional payment data can effectively lower the risk profile for onchain lenders. If the model scales, it could significantly alter the liquidity landscape for stablecoin issuers, though the current lack of transparency regarding specific terms leaves the ultimate impact on credit availability an open question [3].

## Sources
1. Crypto Briefing — [Visa taps blockchain lending to help stablecoin card programs access capital](https://cryptobriefing.com/visa-onchain-lending-credit-coop/)
2. UseTheBitcoin — [Visa Links VisaNet Data to Onchain Lending](https://usethebitcoin.com/news/visa-visanet-onchain-lending-stablecoin-cards/)
3. The Currency Analytics — [Visa’s $20 Billion Stablecoin Surge Sparks New Blockchain Credit Opportunities](https://thecurrencyanalytics.com/stable-coins/visas-20-billion-stablecoin-run-rate-opens-door-to-blockchain-credit-291804)

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Cite as: TrendWatcher, "Visa Connects VisaNet Data to Blockchain Lending for Stablecoins", https://www.trendwatcher.in/article/19f13c97-15e7-4dbc-b779-d135d4c69c03