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Visa's stablecoin settlement scale has exceeded $20 billion annually, with over 160 stablecoin associated card projects launched globally. Some projects require a daily settlement of $2 million in funds, and on chain credit can reduce financing costs by up to 30%. Credit Coop has partnered with Visa to launch a stablecoin revolving credit tool, with a cumulative financing scale of over $2.5 billion, processing over 3000 loans and 9000 repayments without default. Visa Principal Member Rain will use this tool for daily settlement financing starting from August 2023. (Source: Bitcoin.com News)