Papa - Change
Fun Poster
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- 453
- Joined
- Jan 2, 2025
- Messages
- 453
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Visa has linked settlement data to on-chain lending infrastructure, creating a new source of working capital for companies behind growing stablecoin-linked card programs. Lenders can combine VisaNet settlement records with on-chain transaction data to assess borrowers and fund payment obligations. This model could provide card issuers access to blockchain-based lending without full reliance on traditional funding channels. Visa cited Credit Coop as an early example, which has financed over $2.5 billion in settlement volume since 2023. Meanwhile, stablecoin card payment volume at Visa has grown nearly 200% year-over-year, with annualized settlement volume exceeding $20 billion — 15 times higher than the previous year.
Michael Saylor's Strategy, the largest corporate Bitcoin treasury, temporarily halted weekly Bitcoin purchases to repurchase 1.8 million STRC preferred shares for $176.3 million between August 31 and September 7. The company also doubled its buyback program to $2 billion. Strategy currently holds 845,050 BTC acquired for $63.6 billion at an average price of $75,412. STRC shares are trading slightly below par ($97.70), limiting the company's ability to raise funds through their sale and potentially forcing a further dividend increase, which already stands at 12%.
White hat hackers returned 3,400 Bitcoin (~$270 million) to the Liquid federation wallet after Blockstream deployed fixes on affected bridge nodes. The return followed a Sunday security incident where attackers drained about 4,000 BTC from a wallet holding roughly 4,200 BTC. Around 598 BTC remain unrecovered, and Blockstream continues to engage with the involved parties. Updated software is deployed, and federation members are preparing for a coordinated restart of the Liquid network. The return of 85% of the stolen funds restores a significant portion of the collateral lost during the incident, as the paused network prepares to resume operations.