PANews, June 4: According to Business Wire, Visa has announced a partnership with the stablecoin infrastructure platform Brale to conduct a proof-of-concept test on the Canton Network, using Brale’s USD-stablecoin SBC for institutional settlement. The initiative aims to evaluate how privacy-enhancing blockchain infrastructure can enable faster, more programmable settlement while controlling the visibility of sensitive settlement data. Visa has supported stablecoin settlement of VisaNet obligations since 2021, and this initiative will assess SBC as an additional settlement option, testing its privacy architecture within real-world institutional payment flows on the Canton Network.
Visa and Brale Test Institutional Settlement Network Using Private Stablecoin
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Summary
Visa and Brale are testing a new institutional adoption use case with a private stablecoin on the Canton Network. The trial uses Brale’s USD-backed SBC to explore faster, programmable settlements with controlled data visibility. Visa has supported stablecoin transactions on VisaNet since 2021. This network upgrade initiative aims to expand settlement options for institutional participants.
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