Visa has partnered with stablecoin infrastructure firm Brale to test privacy-enabled, blockchain-based settlement for institutional payment flows. The collaboration uses SBC, a U.S. dollar-backed stablecoin issued by Brale, on the Canton Network.
Visa Brale Stablecoin Settlement Proof of Concept
The proof of concept aims to evaluate how Canton’s privacy architecture can enable faster and more programmable settlement. It also allows financial institutions and payment companies to maintain strict control over sensitive transaction data visibility. Unlike many public blockchains, Canton lets participants transact on shared infrastructure without exposing confidential details to all network members.
Visa first introduced stablecoin settlement in 2021 and has since expanded its blockchain capabilities. This includes settling VisaNet obligations with supported stablecoins. The current collaboration with Brale tests SBC as an additional stablecoin option for institutional use, leveraging Canton’s native support as a practical environment.
Cuy Sheffield, Head of Crypto at Visa, said the partnership explores how SBC on Canton can support institutional settlement cases needing programmability and privacy controls. Ben Milne, Brale’s founder and CEO, noted that financial institutions seek stablecoin infrastructure that meets operational, regulatory, and privacy needs. He described the Visa collaboration as a key step toward making stablecoin settlement more practical and scalable.
The announcement highlights growing institutional demand for compliant blockchain settlement solutions amid stablecoin market maturation. Visa considers stablecoins a scalable, next-generation settlement layer for global payments.
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