ME News reports that on June 4 (UTC+8), payment giant Visa announced a collaboration with Brale to explore the feasibility of using Brale’s USD-pegged stablecoin, SBC, for institutional payment settlements on the Canton Network. This proof of concept aims to assess how privacy-preserving blockchain infrastructure can enable faster, programmable settlements while helping financial institutions and payment companies control the visibility of sensitive transaction data. (Businesswire) (Source: ODAILY)
Visa Partners with Brale to Explore Private Stablecoin Settlement
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Summary
On-chain news broke on June 4 (UTC+8) as Visa announced a partnership with Brale to test SBC, a dollar-pegged stablecoin on the Canton Network, for institutional settlements. The project will evaluate how privacy-focused blockchain technology can accelerate settlements and control transaction data visibility. Inflation data tracking and settlement efficiency are key focus areas for the trial. (Businesswire, via ODAILY)
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