Stablecoin-linked card payment volume grew nearly 200% year-over-year, with Visa launching over 160 programs globally in Q2 and annualized settlement volume exceeding $20 billion

Odaily Planet Daily News: Visa stated that stablecoin-linked cards are one of the fastest-growing segments of its network. In the second fiscal quarter, more than 160 stablecoin-linked card programs went live 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 programs, with borrowing costs for some participating programs dropping by over 30%.