Visa stablecoin settlement volume exceeds $20 billion annually

Visa reported that its annualized stablecoin settlement volume has surpassed $20 billion, marking a 15-fold increase year-over-year. In the second quarter, over 160 stablecoin-linked card programs were launched on the Visa network, with related payment volumes growing by nearly 200%. Visa is collaborating with Credit Coop to provide stablecoin-denominated revolving credit lines for early card programs, utilizing Spigot smart contracts to automate repayments and risk management.