Visa Combines VisaNet Settlement Data With Onchain Lending for Stablecoin-Linked Card Working Capital: how 13 outlets framed it

Nearly 1,000 merchants and trade associations filed an objection to a proposed settlement in a lawsuit against Visa and Mastercard over credit card swipe fees, claiming it offers inadequate relief and protects anticompetitive practices. The proposed settlement, which would reduce interchange fees by a small fraction, was criticized for its limited impact and potential harm to businesses and consumers. The lawsuit, ongoing since 2005, alleges that Visa and Mastercard violate antitrust laws by pri

Visa launched an onchain lending program, Credit Coop, to help card issuers manage settlement funding gaps. The program provides stablecoin revolving credit lines, with smart contracts automating fund flows. Visa reported $2.5B in cumulative settlement volume since 2023, with zero defaults. The program has reduced borrowing costs for participants by up to 30%, according to Visa. Payment company Rain is a major user, with $2B in cumulative payments. Karta also used Credit Coop for early growth be

AI agents are increasingly involved in commerce, with companies like FICO, Shopify, Visa, Amazon, and Affirm playing key roles. FICO's Q3 revenue grew 41%, Shopify's AI-driven orders tripled, Visa's net revenue rose 14%, Amazon's Alexa interactions jumped 5x, and Affirm's GMV surged 35%. These companies are positioned to benefit from the trust and infrastructure needed for agentic commerce, with shares showing mixed performance year-to-date.

Stablecoins, with a total supply of $303B, rely increasingly on traditional banks for growth. Regulation in the U.S., Europe, and Britain accelerates this trend, requiring stablecoin issuers to integrate with regulated banking systems. Major banks are forming consortia to issue stablecoins, while Circle's stock dropped 6% on this news. Projections suggest stablecoin market could reach $1.9T-$4T by 2030, but risks like liquidity strains remain.

Visa (V) briefly hit a record $385.57 before closing at $382.49, down 0.4%. Q3 revenue rose 14% to $11.6B, adjusted net income to $6.3B. Payments volume and transactions increased 10%. The stock trades near 32x trailing earnings, 9.5% below GF Value. MarketWatch attributed broader rally to strong U.S. consumer spending.

Visa (V) and Mastercard (MA) shares hit record highs, with Visa rising 3.1% to $382.41. Visa reported Q3 revenue of $11.6B, up 14%, and net income of $5.6B, up 7%. Both companies are seen as indicators of U.S. consumer spending strength.