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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Alibaba and Ant jointly invest to establish Hong Kong headquarters
A certain whale's $60.3 million BTC buy order has been fully filled, bringing the total long position to $222 million.
The hacker who previously purchased ETH sold 9,240 ETH at $3,775, incurring a loss of $4.56 million within three days.
Trending news
MoreCrypto prices
More
