Visa expands blockchain lending data offering as stablecoin card demand rises
Visa says its programme will help issuers of stablecoin-linked cards access loans through blockchain lenders, amid reported rising demand for the cards.
Visa is expanding a data offering designed to help blockchain lenders provide loans to issuers of stablecoin-linked cards, the company told CNBC.
The programme is aimed at supporting access to loans for card issuers as demand for stablecoin-linked cards reportedly increases. Visa has been expanding its involvement in blockchain-based financial services.
The company’s announcement does not establish that Visa will provide the loans itself. The material describes support for issuers seeking lending through blockchain lenders.
Visa and CNBC did not provide details on participating lenders, loan terms, geographic scope, funding size or the programme’s launch timing. It is also unclear whether the offering is a new data product or an expansion of an existing service.
The reported increase in demand for stablecoin-linked cards was not quantified in the supplied material or independently substantiated.
