Visa has expanded its stablecoin capabilities by launching a Prefunding service through Visa Direct, marking a significant step in integrating stablecoins into mainstream financial systems. This move is part of Visa's broader strategy to leverage stablecoins and smart contracts to enhance global lending processes, making them more transparent and efficient.
A recent report from Visa highlights the rapid growth of stablecoin-based lending, with over $6.7 trillion in cumulative loans issued since 2020. This development underscores the increasing role of stablecoins as a bridge between traditional finance and decentralized finance, particularly in global lending and cross-border payments.
Visa Expands Stablecoin Integration with On-Chain Lending Service
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