Visa and Brale Collaborate to Explore SBC Stablecoin Settlement on Canton Network

Visa Inc (NYSE:V) announced a collaboration with Brale to explore stablecoin-based settlement using SBC, a USD-backed stablecoin issued by Brale, on the Canton Network. The proof of concept will assess how privacy-enabled blockchain infrastructure can facilitate faster, more programmable settlement while allowing financial institutions to control the visibility of sensitive transaction data.

Visa began enabling stablecoin settlement in 2021 and continues to expand its capabilities. A central focus of this initiative is the Canton Network's privacy architecture. Through the collaboration, Visa plans to evaluate SBC as an additional stablecoin option for institutional settlement use cases, testing how privacy-preserving infrastructure can be applied to real-world payment flows.

"Stablecoin settlement has shown how blockchain infrastructure can improve the speed and efficiency of money movement," said Cuy Sheffield, Head of Crypto at Visa. "We're exploring how SBC on the Canton Network can support institutional settlement use cases that require both programmability and privacy controls."

"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."