How Visa Stablecoin Card Settlement Financing Works: Smart Contracts and Data Verification

Visa is scaling its stablecoin-linked card program, which has seen a 15x year-over-year increase in settlement volume. To address the liquidity gap between daily settlements and cardholder repayments, Visa partnered with Credit Coop to create a stablecoin-denominated revolving credit facility. This system utilizes Spigot smart contracts for programmatic collateral control and automated repayments, alongside daily Visa settlement data for underwriting.