Visa reported that more than 160 stablecoin-linked card programs were active on its network during the second fiscal quarter, with payment volumes surging by nearly 200% year-over-year. This rapid growth has introduced working-capital friction for operators, who face settlement obligations with Visa before collecting payments from end users. Traditional bank financing models often lack the flexibility required for these fast-growing crypto-linked card programs. To address this liquidity gap, Credit Coop has deployed onchain credit infrastructure that has financed over $2.5 billion in cumulative settlement volume since 2023. By gaining authorized access to daily Visa settlement files alongside onchain repayment histories, Credit Coop can efficiently price and manage revolving credit lines. The model utilizes automated smart contracts, acting like digital lockboxes to collect principal and interest payments seamlessly before disbursing remaining operational funds. This technology highlights the deepening convergence between traditional global payment networks and decentralized financial infrastructure. With zero reported defaults across thousands of borrowing events, the success of firms like Rain demonstrates how verified settlement data can underwrite real-world crypto liquidity, offering institutional investors a scalable framework for digital asset credit facilities.
