Visa’s stablecoin payment volume has soared by almost 200% year over year. The payments giant is now combining its established VisaNet settlement data directly with blockchain lending protocols. This move aims to boost its growing stablecoin card business.
How is Visa using blockchain for lending?
The company’s strategy involves linking the settlement information from its traditional payment network with decentralized lending systems. This integration supports the increasing use of stablecoins for everyday transactions, a trend highlighted by the significant growth in volume recorded on Visa’s network.
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