Privacy-First Settlement on Canton @Visa and @Brale_xyz have announced a collaboration to test institutional settlement using the $SBC stablecoin on the @CantonNetwork. SBC is a U.S. dollar-b
@Visa and @Brale_xyz have announced a collaboration to test institutional settlement using the $SBC stablecoin on the @CantonNetwork. SBC is a U.S. dollar-backed stablecoin issued by Brale, and the test will run on the Canton Network.
The proof of concept will evaluate how privacy-enabled blockchain infrastructure can support faster, more programmable settlement while helping financial institutions and payment companies maintain control over the visibility of sensitive settlement transaction data.
Canton's architecture is central to why it was chosen for this pilot. Unlike many public blockchain networks, Canton is designed to allow participants to transact on shared infrastructure while limiting the visibility of sensitive transaction information.Canton was designed to meet the demanding requirements of regulated institutions, and Visa's stablecoin settlement platform provides a bridge that lets them explore onchain settlement while staying aligned with their compliance requirements.
SBC is natively supported on the Canton Network, enabling Brale and Visa to test how privacy-preserving infrastructure can be applied to real-world institutional payment flows.
Visa began enabling stablecoin settlement in 2021 and continues to expand its capabilities, allowing VisaNet obligations to be settled using supported stablecoins. That programme has scaled considerably since. The programme, which lets issuers and acquirers settle transactions in stablecoins instead of through traditional banking rails, has reached a $7 billion annualised run rate, up 50% from the prior quarter.
"Financial institutions are increasingly looking for stablecoin infrastructure that meets their operational, regulatory, and privacy requirements," said Ben Milne, founder and CEO of Brale. "Working with Visa to explore SBC on Canton is an important step toward making stablecoin-based settlement more practical and scalable for real-world payment flows."
Visa believes stablecoins represent a scalable, next-generation settlement layer for global payments, and through collaborations like this, the company continues to advance how blockchain infrastructure can support the privacy, compliance, and interoperability standards required by financial institutions and payment networks.
SourcesVisa and Brale Explore Private Stablecoin Settlement (Business Wire via StockTitan)Visa Accelerates Stablecoin Momentum: Adding Five Blockchains for Settlement (Visa Investor Relations)Visa Expands Stablecoin Settlement Network as Volume Hits $7 Billion Run Rate (CoinDesk)
