Analysts of the Visa payment company consider It is expected that the massive introduction of dollar-pegged stablecoins will be able to transform the global credit market, which has a volume of $40 trillion.
In their report, Visa experts note that in the future, stable cryptocurrencies will become not just a trading tool, but a fundamental aspect of lending. They will serve as the primary collateral for tokenized assets, enabling the expansion of cryptocurrency lending programs and facilitating the rapid assessment of potential borrowers’ creditworthiness and the development of digital identity systems.
“Stablecoins have evolved into the fundamental infrastructure underlying the new lending landscape, which we have witnessed rapidly expanding over the past year. More than $500 billion in loans have already been issued using stablecoins,” the report notes.
The analysts also emphasize that tokenized traditional assets will soon become a common form of collateral in credit markets, reducing the gap between traditional lending and digital assets. Moreover, the payment giant suggests that crypto lending programs may expand, providing users with access to liquidity and allowing them to borrow against their digital assets.
“One of the next waves of innovation will be the creation of blockchain-based identity and credit scoring systems. These solutions will allow us to analyze the wallet’s transaction history, assess its assets, and evaluate its interactions with other protocols to create a credit profile. At the same time, users will maintain their privacy through the use of various methods, such as zero-knowledge proofs,” the document states.
In September, it was reported that Visa was preparing a service for making cross-border payments in stablecoins.
