Visa stablecoin annual settlement volume exceeds $20 billion, collaborates with Credit Coop to achieve automatic repayment

The annualized settlement volume of Visa stablecoins has exceeded $20 billion, a year-on-year increase of over 15 times. Visa has partnered with Credit Coop to implement stablecoin denominated revolving credit limits and automatic repayments through Spigot smart contracts. Over 9000 repayments have been executed on the chain, with a cumulative financing of over $2.5 billion and zero defaults.