Visa: Stablecoins Could Reshape the $40 Trillion Global Credit Market

According to a report by Jinse Finance, Visa's latest report shows that stablecoins have facilitated approximately $67 billion in loans over the past five years, with the average loan amount rising from $76,000 to $121,000. USDC and USDT account for 98% of this, which aligns with their market share in the total market capitalization of $307 billion. Visa points out that stablecoins are expected to drive traditional financial institutions to migrate part of the global $40 trillion credit market to blockchain programmable systems, thereby transforming the credit landscape. However, the International Monetary Fund (IMF) warns that the rapid development of stablecoins may lead to increased leverage in the financial system, risk accumulation, and maturity mismatches. The Visa report emphasizes that banks and financial institutions should understand how programmable money is reshaping the credit market in order to seize potential opportunities.