Visa Stablecoin Settlement Tops $20 Billion as Card Volume Surges
Key TakeawaysVisa stablecoin settlement topped a $20B annualized run rate, with 160+ card programs live.Onchain credit cuts financing costs by up to 30% and enables 7-day card settlement.Visa-linked lenders seek to scale working capital fast enough to match stablecoin card growth. Visa Stablecoin Cards Expand to 160+ Programs Worldwide Visas stablecoin business is starting to look less like an experiment and more like a new payments rail. Stablecoin settlement volume on the network has surpassed a $20 billion annualized run rate, more than 15 times the level recorded a year earlier. At the same time, more than 160 stablecoin-linked card programs were live globally in Visas fiscal second quarter. Payment volume across those programs rose nearly 200% year over year. The headline is not simply that crypto cards are growing. It is that the financial plumbing behind them is beginning to change with them. Stablecoin Cards Are Creating a New Funding Problem Every card program has to meet its daily settlement obligation before cardholders repay what they owe. Discover more Finance Financial stock For large issuers, that gap is usually financed through warehouse lines or securitization. However, many early-stage stablecoin card programs need only a few million dollars at a time. They also settle seven days a week. That creates an awkward mismatch.









