Stablecoin-linked card payment volume grew nearly 200% year-over-year, with over 160 programs launched globally in Visa's second fiscal quarter, and annualized settlement volume exceeding $20 billion

Odaily reports that Visa stated stablecoin-linked cards are one of the fastest-growing segments of its network. In the second fiscal quarter, over 160 stablecoin-linked card programs were launched globally, with payment volume growing nearly 200% year-over-year and annualized settlement volume surpassing $20 billion, a more than 15-fold increase year-over-year. Visa partnered with Credit Coop to launch a stablecoin-based revolving credit facility providing daily settlement funding for early-stage stablecoin card programs, with borrowing costs for some participating programs having already dropped by over 30%.