Visa Brings On-Chain Credit to Real Payments: $20B Annual Stablecoin Volume

What happened

Visa has connected its settlement data to on-chain credit, which means blockchain-based lending, to support stablecoin card programs. The annualized transaction volume from these programs has reached $20 billion, a 15-fold increase compared to one year ago.

Confirmed

Global impact / market context

This growth suggests stablecoin cards may become a normal way to pay, increasing the use of digital money in everyday purchases. The $20 billion in spending could encourage more businesses to accept stablecoins, potentially shifting some payment revenue away from traditional card networks.

Analyst inference

The stablecoin market is expanding beyond trading into real-world payments, and Visa's move could pressure other payment networks. For crypto investors, higher stablecoin transaction volume often signals growing adoption, which may boost demand for related digital assets and the blockchain infrastructure supporting them.

Analyst inference

What to watch

1. Watch whether Visa reports continued growth in stablecoin card volume beyond the $20 billion annualized figure, as this would confirm the trend is lasting rather than a one-time spike. Confirmed
2. Monitor if other major payment companies announce similar on-chain credit partnerships, which would indicate the model is spreading across the industry. Proposed
3. Look for changes in stablecoin usage patterns, such as more small purchases, which would suggest the technology is moving from trading use toward everyday consumer spending. Analyst inference

Affected assets

• DEFI — DeFi

Evidence

• en.spaziocrypto.com