Visa integrates DeFi lending to provide working capital for stablecoin card issuers

Visa has launched a solution to address settlement delays for stablecoin card issuers by connecting VisaNet settlement data to on-chain lending infrastructure. Using the 'Spigot' smart contract developed by Credit Coop, the system automates collateral management and repayment, allowing issuers to access working capital without traditional banking hurdles. The platform has facilitated over $2.5 billion in volume with zero defaults to date.