Visa Says Stablecoins Could Transform $40,000,000,000,000 Global Credit Market
One of the largest credit companies in the world says stablecoins could transform the multi-trillion-dollar global credit market. In a new research report, Visa says dollar-pegged digital assets have evolved from being mere crypto trading tools to foundational lending tools. “Stablecoins have evolved from crypto trading tools to foundational infrastructure powering a new lending space that has grown rapidly in the past year, processing over half a trillion in loans to date… For banks and financial institutions, this represents both an opportunity and an imperative to understand how programmable money is reshaping credit markets.” Visa outlines three major ways stablecoins can transform the wholesale credit market – by allowing tokenized assets to unlock collateral pools, expanding the role of crypto credit programs, and helping assess the creditworthiness of potential clients digitally. Visa says tokenized traditional assets may soon serve as collate...