Visa to combine VisaNet data with on-chain lending for stablecoin card programs

Visa will combine data from its payment processing network, VisaNet, with on-chain lending infrastructure to support working-capital financing for stablecoin-linked card programs and fintech companies, CoinDesk reported. Under the program, Visa can use VisaNet settlement data and blockchain transaction data, with customer consent, to assess creditworthiness and automate part of the settlement-finance process. CoinNess previously reported that, as of Visa’s fiscal second quarter, more than 160 stablecoin-linked card programs were operating globally through Visa, with payment volume up about 200% from a year earlier.