[Visa Stablecoin Annual Settlement Volume Surpasses $20 Billion, Up Over 15x Year-on-Year] According to Visa, its stablecoin annual settlement volume has exceeded $20 billion, representing a year-on-year growth of over 15 times. In the second quarter, more than 160 stablecoin-linked card programs have been launched on the Visa network, with related payment volumes increasing nearly 200% year-on-year, indicating that stablecoins are rapidly integrating into card payment and settlement scenarios. It was also revealed that Visa is collaborating with Credit Coop to provide early-stage stablecoin-linked card programs with revolving credit lines denominated in stablecoins for daily Visa settlement funds. Credit Coop utilizes Spigot smart contracts to lock receivables, automate repayments, and integrate Visa's daily settlement data for credit assessment and risk control. To date, over 9,000 repayments have been executed on-chain, with cumulative financing exceeding $2.5 billion and zero defaults.