stablecoin-linked card payment volume grew nearly 200% year-over-year, Visa's second fiscal quarter saw over 160 projects launch globally, with annualized settlement volume exceeding $20 billion

Odaily Planet Daily reported 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 projects launched globally, with payment volume growing nearly 200% year-over-year and annualized settlement volume surpassing $20 billion, up more than 15 times 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 projects, and some participating projects have seen borrowing costs drop by over 30%.