Visa expands stablecoin card network to 160 programs

Visa said on Sept. 8 that more than 160 stablecoin-linked card programs were operating globally during its fiscal second quarter of 2026, while their payment volume increased nearly 200% year over year. Summary 160 stablecoin-linked Visa card programs were live globally during the company’s fiscal second quarter 2026. Payment volume across Visa’s stablecoin-linked card programs increased nearly 200% from the previous year globally. Visa’s stablecoin settlement volume surpassed a $20 billion annualized rate, rising more than fifteenfold year-over-year. Credit Coop says its platform financed $2.5 billion cumulatively since 2023 without recording any defaults. Participating card programs reduced borrowing costs by up to 30%, according to Visa’s published figures. The payments company also reported that its stablecoin settlement volume had surpassed a $20 billion annualized run rate. That represents growth of more than 15 times from the corresponding period one year earlier. Visa disclosed the figures while announcing expanded work with Credit Coop. The companies are using stablecoin-denominated revolving credit facilities to help card programs finance daily settlement obligations. The...