Visa Taps Onchain Lending to Finance Stablecoin Card Programs

Crypto payment card top-ups surpass $10 billion for the first time; stablecoins drive application growth.

According to Mars Finance, on July 2nd, Paymentscan data showed that the cumulative top-up amount for cryptocurrency payment cards surpassed $10 billion for the first time, reaching approximately $10.33 billion, an 82% increase since the beginning of the year and a year-on-year increase of approximately 250%. This data reflects the cumulative top-up volume of cryptocurrency payment cards and related payment projects, not the trading volume of cryptocurrency exchanges. The report states that stablecoins are becoming a major driving force behind the widespread adoption of cryptocurrency payment cards. Compared to volatile assets like Bitcoin, stablecoins can complete payment settlements through traditional bank card networks, lowering the barrier to entry for merchants and making them more suitable for cross-border payments, remittances, and daily consumption scenarios in high-inflation regions. As payment companies, crypto exchage, and asset management institutions continue to improve stablecoin infrastructure, cryptocurrency payment cards are gradually becoming an important entry point for connecting digital assets with real-world consumption. However, as the scale of application expands, regulatory agencies will pay closer attention to issues such as consumer protection, sanctions screening, tax reporting, reserve asset transparency, and transaction monitoring.