Visa stablecoin annual settlement volume exceeds 20 billion USD, with a year-on-year growth of over 15 times

According to Visa, its stablecoin annual settlement volume has exceeded 20 billion USD, a year-on-year increase of more than 15 times. In the second quarter, the Visa network has launched over 160 stablecoin-linked card projects, with related payment amounts increasing nearly 200% year-on-year, indicating that stablecoins are accelerating their entry into card payment and settlement scenarios.

Visa is collaborating with Credit Coop to provide revolving credit lines denominated in stablecoins for early stablecoin-linked card programs, used for daily Visa settlement funds. Credit Coop locks accounts receivable through Spigot smart contracts, automates repayments, and combines Visa's daily settlement data for credit and risk control, having executed over 9,000 repayments on-chain, with cumulative financing exceeding 2.5 billion USD and zero defaults. Card projects such as Rain, Karta, Moto, and Xplace have all obtained settlement turnover funds through this model, establishing credit records for subsequent large institutional financing.