Visa plans to build "on-chain finance" infrastructure to connect traditional finance with the DeFi market
ChainCatcher News, Visa has released its latest report "Beyond Stablecoin Payments: On-Chain Lending Opportunities," redefining decentralized finance (DeFi) as "on-chain finance" and planning to build infrastructure that connects traditional financial institutions with on-chain lending protocols.
The report shows that since 2020, the on-chain credit market has issued over $670 billions in stablecoin loans. Visa will not directly issue tokens or provide loans, but will focus on offering data, compliance, and infrastructure support to help banks and private credit funds access automated lending protocols.
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