Stablecoin-Fueled Onchain Loans Surpass $670 Billion Amid New U.S. Regulations
Stablecoins are increasingly driving a significant portion of blockchain-based lending, with over $670 billion in onchain loans recorded in the last five years, according to a recent Visa report. This expansion goes well beyond the traditional use cases of stablecoins in payments and trading, illustrating their growing role in decentralized finance (DeFi) and institutional lending markets. The report reveals that monthly onchain lending volumes hit $51.7 billion as of August 2025. During this period, more than 81,000 active borrowers participated, with the average loan amount reaching approximately $76,000. Borrowing rates on these platforms averaged around 6.7% between September 2024 and












