On‑Chain Credit Gains Momentum With Visa, Indian Agritech, GCC Fund, and MoneyGram Launches

Expanding On‑Chain Credit Infrastructure

Major payment networks and financial firms are increasingly allocating capital to blockchain‑based credit products. Visa announced a $2.5 billion program aimed at moving card‑settlement financing onto a public ledger, a move described by Cryptoslate as a “crypto credit bet” that could reshape how merchants receive funds. The initiative is expected to leverage existing stablecoin infrastructure to provide instant settlement and reduce reliance on traditional correspondent banking channels.

Real‑World Asset Tokenization Takes Hold

In Asia, the agricultural services company Arya.ag is using the Avalanche blockchain to create digital representations of $2 billion in grain‑backed loans, according to Coindesk. By tokenizing these loans, lenders gain access to transparent, auditable data on loan performance and collateral quality, potentially lowering risk premiums for agricultural financing. Meanwhile, in the Gulf Cooperation Council (GCC) region, the fintech platform Zamanat is targeting a $250 billion financing shortfall for small‑ and medium‑size enterprises. Cryptopotato reported that Zamanat plans to raise up to $100 million for a tokenized private‑credit fund, which will issue blockchain‑based securities to investors seeking exposure to SME loans.

Stablecoin Card Adoption in Emerging Markets

MoneyGram has introduced a Visa‑branded stablecoin card in Colombia, a development highlighted by The Defiant. The card enables users to spend a dollar‑pegged digital currency directly at point‑of‑sale terminals, bridging the gap between traditional fiat payments and decentralized finance. By integrating Visa’s network with a stablecoin backend, MoneyGram aims to provide faster, lower‑cost cross‑border transfers while expanding stablecoin usage in everyday commerce.

Broader Implications

Collectively, these projects illustrate a growing confidence among established financial players in the ability of blockchain to streamline credit issuance, improve transparency, and broaden access to capital. Tokenizing real‑world assets—from grain inventories to SME invoices—offers a path to fractional ownership and programmable repayment terms. At the same time, the deployment of stablecoin cards suggests that consumer‑facing applications are maturing alongside institutional use cases. Regulators in multiple jurisdictions are monitoring these developments, but no specific policy changes have been announced.

The convergence of on‑chain credit, asset tokenization, and stablecoin payments signals a notable shift toward decentralized infrastructure within traditional finance, potentially reshaping lending models and payment ecosystems over the coming years.