Visa Brings Onchain Lending to Stablecoin Card Programs

Visa Brings Onchain Lending to Stablecoin Card Programs


Visa headquarters building in Foster City, California image By Isaac • September 8, 2026 11:24 pm •

Visa is moving another piece of stablecoin infrastructure out of the crypto sandbox and into everyday payments.

The payments giant announced a new onchain financing model for stablecoin-linked card programs and fintech companies. The idea is straightforward: combine VisaNet settlement data with blockchain lending infrastructure so lenders can see how a card program is performing and finance its daily obligations with better information.

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According to Visa’s announcement, more than 160 stablecoin-linked card programs now operate on its network. Payment volume across those programs is up nearly 200% year over year, while Visa’s stablecoin settlement volume has passed a $20 billion annualized run rate—more than 15 times its level a year earlier.

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