Visa Says It Wants to Build the Rails for Lending in 'Onchain Finance,' Its New Name for DeFi (CoinDesk)
Originally published in CoinDesk on October 16, 2025, by Sam Reynolds (edited by Oliver Knight).
Visa released a whitepaper rebranding decentralized finance as "onchain finance" and positioning itself as the infrastructure backbone for institutional lending in the space. Rather than issuing tokens or funding loans directly, Visa aims to provide the data, compliance, and settlement rails connecting banks and credit funds to programmable lending protocols, which the report notes have already facilitated over $670 billion in stablecoin loans since 2020.
