Visa says Credit Coop’s stablecoin loans financed $2.5B in card settlements since 2023, CryptoSlate reports
CryptoSlate says the $2.5B represents cumulative volume through reusable credit lines. Current loan exposure remains undisclosed.
CryptoSlate says the $2.5B represents cumulative volume through reusable credit lines. Current loan exposure remains undisclosed.
CryptoSlate reports that Visa says Credit Coop’s stablecoin loans have financed $2.5 billion in card settlements since 2023, covering the gap before cardholder payments arrive. The figure represents cumulative volume through reusable credit lines; the outlet says current loan exposure remains undisclosed. CryptoSlate also describes the use of private settlement data and smart contracts to fund card programs, but says loss terms remain undisclosed.
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CryptoSlate says the $2.5B represents cumulative volume through reusable credit lines. Current loan exposure remains undisclosed.
CryptoSlate reports that Visa says Credit Coop’s stablecoin loans have financed $2.5 billion in card settlements since 2023, covering the gap before cardholder payments arrive. The figure represents cumulative volume through reusable credit lines; the outlet says current loan exposure remains undisclosed. CryptoSlate also describes the use of private settlement data and smart contracts to fund card programs, but says loss terms remain undisclosed.