Visa stablecoin settlement tops $20B annualized as stablecoin-linked card programs surge

Visa’s stablecoin settlement volume has reached a $20 billion annualized run rate, supported by more than 160 live stablecoin-linked card programs and nearly 200% year-over-year payment growth. The article says rapid expansion is straining issuer and lender working capital, and notes Visa and Credit Coop are using an onchain stablecoin-denominated revolving credit facility that has financed over $2.5 billion in volume, cut borrowing costs by up to 30%, and had zero defaults.
AI Analysis
The summary reports strong growth in stablecoin payments, a large and expanding number of live card programs, and a financing solution already processing repayments and funding billions in volume. These are concrete adoption and usage metrics that could support near-term bullish sentiment for stablecoin-related assets.