Visa combines VisaNet data with onchain lending to power stablecoin card working capital

# Visa combines VisaNet data with onchain lending to power stablecoin card working capital

> Evidence tier: B1
> Evidence type: Independent digital-asset report corroborated by Visa's primary article
> Source: [CoinDesk](https://www.coindesk.com/business/2026/09/08/visa-opens-settlement-data-to-help-blockchain-lenders-finance-crypto-cards-as-volume-surges)
> Published: 2026-09-08
> Captured: 2026-09-08T14:47:20.788Z

## Source summary

CoinDesk reports that Visa is making VisaNet settlement data available to blockchain lenders so they can assess and finance the daily prefunding needs of stablecoin-linked card issuers. Visa's primary article says its network had more than 160 such card programs in the second quarter of fiscal 2026, with payment volume up nearly 200% year over year and annualised settlement volume above USD 20 billion. It also says Credit Coop has financed more than USD 2.5 billion since 2023 across more than 3,000 borrows and 9,000 repayments, with no defaults reported, and names Rain as one issuer using the mechanism.

## Why it matters

The arrangement addresses a concrete liquidity constraint for stablecoin-linked card issuers by using verified settlement activity in underwriting. CoinDesk supplies independent reporting, while the operating figures and no-default statement remain claims from Visa and the participating companies rather than independently audited results. Annualised settlement volume is not a completed full-year total, and the sources do not disclose pricing, underwriting criteria, loss reserves, customer savings, cross-border volume or universal availability.

## Key numbers

- **Stablecoin-linked card programs stated by Visa:** more than 160 in Q2 FY2026
- **Year-over-year payment-volume growth stated by Visa:** nearly 200%
- **Annualised settlement volume stated by Visa:** more than USD 20 billion; more than 15x year over year
- **Credit Coop financing stated since 2023:** more than USD 2.5 billion; 3,000+ borrows and 9,000+ repayments

## Topics and entities

- Industry lane: Web3 & stablecoin payments
- Entities: Visa / Credit Coop / Rain
- Web3 payments
- Payment infrastructure

## Evidence and credibility note

Independent CoinDesk report corroborated by Visa's primary article. The mechanism is supported, but the scale, growth, financing and no-default figures are company-reported and are not independently audited; pricing, underwriting criteria, loss reserves and cross-border volume are not disclosed.

Date evidence: CoinDesk JSON-LD datePublished states 2026-09-08T14:29:14.333Z

## First-party corroboration

- [https://www.visa.com/en-us/thought-leadership/innovation/onchain-settlement-financing](/en/items/https://www.visa.com/en-us/thought-leadership/innovation/onchain-settlement-financing)

## Original-source traceback

[Open the original CoinDesk report](https://www.coindesk.com/business/2026/09/08/visa-opens-settlement-data-to-help-blockchain-lenders-finance-crypto-cards-as-volume-surges)

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This is a structured Payments Hot Markdown source summary derived from external reporting. Use the original link above to read the publisher's article; copyright remains with the original publisher.