Visa Launches Onchain Credit System for Stablecoin Card Settlement

Payment giant Visa has announced the deployment of its onchain credit infrastructure to accelerate the settlement process for stablecoin-based card transactions. With this new system, the company aims to settle stablecoin payments made over its card network more efficiently and seamlessly compared to traditional banking channels. Visa's move is seen as a significant step in integrating digital assets with conventional payment systems. The new mechanism connects Visa's existing card infrastructure with the blockchain-based stablecoin ecosystem. The system enables card issuers and acquirers to optimize liquidity management for transactions conducted in stablecoins. Visa officials state that this solution will particularly reduce delays in cross-border payments and lower transaction costs. Additionally, the use of onchain credit is said to offer a more flexible settlement option for stablecoin issuers and digital wallet providers. Visa's initiative is viewed as a reflection of the growing institutional acceptance in the cryptocurrency market. The company has previously worked on various blockchain-based payment solutions and has undertaken projects to expand the role of stablecoins in payment infrastructure. This new step, as part of Visa's digital asset strategy, aims to strengthen the bridge between traditional finance and the crypto ecosystem. Experts note that such integration could increase the use of stablecoins in everyday commercial transactions and pave the way for innovative solutions in the payments sector. However, they also emphasize that factors such as regulatory uncertainties and market volatility must be considered in the widespread adoption of such systems. Visa's move may encourage other major players in the industry to adopt similar technologies. This is not investment advice.