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Visa is bringing onchain lending into its card-settlement system, working with Credit Coop to help stablecoin card issuers cover the money they owe Visa each day.
Solving the Funding Gap: Stablecoin card issuers often have to pay Visa before they've collected money from their customers. That means they need to keep extra cash on hand or borrow money to cover the gap.
Credit Goes Onchain: Credit Coop gives these issuers stablecoin credit lines to cover what they owe Visa. Visa provides the settlement data, while smart contracts automate funding and repayment as customer payments come in.
Already at Scale: Visa shared that Credit Coop has financed $2.5B+ in volume since 2023, across 3,000+ borrows, 9,000+ repayments, and zero defaults. More lenders joining has also cut borrowing costs for some programs by as much as 30%.