Visa will share VisaNet settlement data with onchain credit infrastructure providers, piloted with Credit Coop, so lenders can better underwrite stablecoin-linked card programs. Visa says its stablecoin settlement volume has reached a $20B annualized run rate, up roughly 15x year-over-year, with more than 160 active stablecoin-linked card programs.
Matters because: It points to deeper institutional integration of stablecoins into card and credit rails, which may support broader adoption and Treasury-bill demand narratives.