🚨 Visa tests private stablecoin settlement on Canton with Brale, signaling a push toward privacy-preserving institutional payments 🚨
Visa has launched a proof of concept with Brale to test settlement using SBC, a dollar-backed stablecoin, on the Canton Network. The move is less about headline stablecoin adoption and more about what Visa is actually trying to evaluate inside a privacy-focused institutional blockchain environment.
🔑 Key points
🔹 Visa announced a proof of concept with Brale to explore settlement using SBC, a dollar-backed stablecoin issued by a Brale affiliate, on the Canton Network.
🔹 The test is focused on how Canton’s privacy architecture can support institutional payment flows.
🔹 Visa already supports card issuer-to-acquirer settlement using stablecoins, so the interesting part is why it chose SBC instead of USDC for this Canton experiment.
🔹 SBC has about $9.1 million in total issuance across multiple blockchains.
🔹 Brale holds 38 state money transmitter licenses but lacks coverage in New York and California and does not have a BitLicense.
🔹 USDC has already been used by Visa for card settlement, and its Canton variant USDCx has been live since December 2025 through Circle’s xReserve.
🔹 USDCx was already used in Canton working group transactions involving names like Bank of America and Virtu.
🎯 Bottom line: Visa is testing whether a more private, institution-friendly stablecoin stack can improve settlement on Canton.
https://www.ledgerinsights.com/visa-tests-private-stablecoin-settlement-on-canton-with-brale-the-question-is-why/