Visa is planning to build "on-chain finance" infrastructure to connect traditional finance with the DeFi market.

BlockBeats News, October 16th, according to a report by CoinDesk, Visa has released the latest report titled "Beyond the Stablecoin Hype: Opportunities in On-Chain Lending," redefining decentralized finance (DeFi) as "on-chain finance" and planning to build infrastructure that connects traditional financial institutions with on-chain lending protocols. Visa aims to position itself as a data and custody layer that connects banks with the $670 billion stablecoin credit market.

The report shows that since 2020, the on-chain credit market has issued over $670 billion in stablecoin loans. Visa will not directly issue tokens or provide loans but will focus on providing data, compliance, and infrastructure support to help banks and private credit funds access automated lending protocols.