TLDR:Visa now runs 160+ stablecoin-linked card programs, up nearly 200% year over year. Cuy Sheffield calls stablecoin-linked cards a “hypergrowth” trend across Visa’s global network. Visa’s Credit Coop pilot has processed $2.7 billion with zero borrower defaults recorded. Nearly $700 billion in stablecoin loans have moved through onchain lending protocols since 2020. Visa stablecoin-linked cards are expanding at a rapid pace, with the payments giant now supporting more than 160 card programs worldwide. Volume on these programs has climbed nearly 200% compared to last year. Visa is also rolling out new data-sharing tools for blockchain lenders, aiming to support issuers as demand for stablecoin products accelerates across the fintech sector.Visa Stablecoin-Linked Cards See Rapid AdoptionVisa now operates over 160 stablecoin-linked card programs for issuers and program managers globally. This marks close to a 200% increase in volume from the previous year. Cuy Sheffield, Visa’s head of crypto, said “stablecoin-linked cards are in hypergrowth mode” during an interview with CNBC. He noted that new issuers are joining the network at a steady rate.Sheffield explained that stablecoin neobanks and fintech firms are “launching cards every week” on Visa’s platform. He pointed to last year’s GENIUS Act as a major driver behind this shift. The legislation established federal rules for stablecoin issuance in the United States. Sheffield called the law a “huge” turning point for the industry.Several large financial institutions have since approached Visa about building stablecoin offerings. Sheffield said banks and major payment companies “want to be able to engage and work with Visa” on these products. Alongside this growth, Visa has been piloting a lending partnership with Credit Coop, which supports card issuers with financing needs.The pilot offers a credit facility for companies issuing stablecoin-linked cards. Sheffield described it as “a positive step forward for how onchain credit can start to come into our network.” Credit Coop reports it has processed $2.7 billion in total volume through smart contracts, with no borrower defaulting to date.Visa Expands Onchain Lending Data For Card IssuersVisa announced it will share more settlement data with companies that lend on blockchain networks. This data will be paired with onchain lending infrastructure already used by digital asset lenders. The goal is to give lenders clearer insight into how card issuers and fintech firms are performing financially.According to Visa, nearly $700 billion in stablecoin-denominated loans have moved through onchain lending protocols over six years. Much of that lending activity has stayed concentrated within crypto-native markets. The new data offering is intended to help lenders evaluate financing requests from digital asset businesses more efficiently.Card issuers such as Rain and FlexSuperApp are building tools for global payouts and business transactions using stablecoins. These features are designed to simplify cross-border payments for companies operating in multiple regions. Analysts have noted that stablecoin adoption could reduce transaction costs for merchants in markets like South Korea.Visa joins other payment companies investing in stablecoin infrastructure this year. Mastercard has built its own stablecoin platform, while PayPal and Circle operate separate systems for digital dollar transactions. Visa shares have risen roughly 7% so far this year, reflecting investor interest in the company’s blockchain-related expansion plans.The post Visa Stablecoin-Linked Cards Hit Hypergrowth With 160+ Programs Live Worldwide appeared first on Blockonomi.