Visa reports 200% growth in stablecoin-linked card payment volume

Visa stated that stablecoin-linked cards are among its fastest-growing segments, with over 160 projects launched globally in the second fiscal quarter. Payment volume increased by nearly 200% year-over-year, with an annualized settlement rate exceeding $20 billion, a 15-fold increase. Additionally, a collaboration with Credit Coop has helped reduce borrowing costs for some participants by over 30%.