Visa's Q2 stablecoin related card payment volume increased by nearly 200% year-on-year

Visa launched over 160 stablecoin related card projects globally in the second quarter, with a nearly 200% year-on-year increase in payment volume and an annualized settlement rate of over $20 billion, an increase of over 15 times year-on-year. The stablecoin based revolving credit tool jointly launched by Visa and Credit Coop provides daily settlement funds for early stablecoin card projects, reducing borrowing costs for some participating projects by over 30%.