Visa to Test Private Stablecoin Settlement on Canton Network
Payments giant Visa plans to evaluate the capabilities of Canton Network for private stablecoin settlement between financial institutions.
Visa announced a partnership with Brale, a regulated infrastructure platform for issuing and managing fiat-backed stablecoins. Through the collaboration, the companies will assess how Canton Network can enable faster and more programmable settlement for institutional payments while maintaining control over access to transaction data.
The pilot will use SBC, a U.S. dollar-backed stablecoin issued by Brale on Canton Network. The initiative will focus on exploring the network’s architecture, which allows participants to operate on shared blockchain infrastructure while restricting the visibility of sensitive data to third parties.
As part of the project, Visa will evaluate support for SBC as an additional option for institutional settlement. Because the stablecoin is natively integrated with Canton Network, the companies will be able to test privacy-enhancing solutions in real-world payment processing scenarios between financial institutions.
According to Cuy Sheffield, Head of Crypto at Visa, stablecoin settlement has already demonstrated the potential of blockchain technology to improve the speed and efficiency of money movement. He said that testing SBC on Canton Network will help assess how payment programmability can be combined with privacy requirements and prepare such capabilities for deployment in production environments.
Brale founder and CEO Ben Milne said that financial institutions are increasingly seeking stablecoin infrastructure that meets operational, regulatory, and data privacy requirements. In his view, the collaboration with Visa will help make stablecoin-based settlement more practical and scalable for everyday payment flows.
Visa views stablecoins as a potential next-generation settlement layer for the global payments industry and continues to test solutions that combine the benefits of blockchain technology with the financial sector’s requirements for privacy, regulatory compliance, and interoperability across payment systems. The company recently joined Canton Network as a super validator and expanded the number of blockchain networks supported for stablecoin settlement through its DLT platform.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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