TREE NEWS reports: Visa disclosed that its annualized stablecoin settlement volume has exceeded $20 billion, a more than 15-fold increase year over year. In Q2, over 160 stablecoin-linked card programs were launched on Visa’s network, with related payment volume up nearly 200% annually. Visa is partnering with Credit Coop to offer stablecoin-denominated revolving credit lines for early card programs, using Spigot smart contracts for automated repayment, with over 9,000 on-chain repayments and $2.5 billion in cumulative financing with zero defaults.
Visa stablecoin settlement annualized volume tops $20B, up 15x YoY
AI take
The 15x surge in Visa's stablecoin settlement volume signals that stablecoins are moving from speculative assets to a functional payments rail, with the 160 new card programs indicating mainstream issuer adoption. The Credit Coop partnership, featuring automated on-chain repayments and zero defaults, suggests that stablecoin-based credit products can operate with efficiency and trust, potentially reshaping how revolving credit is managed. The key question is whether this growth trajectory can sustain as regulatory frameworks evolve and as competition from other payment networks intensifies, which will determine if stablecoins become a permanent fixture in global payments or remain a niche experiment.
Generated by AI for reference only.
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