Visa tests private stablecoin settlement on Canton Network

Visa is testing whether privacy-enabled blockchain networks can support institutional stablecoin settlement without exposing sensitive transaction data. The proof of concept with stablecoin infrastructure company Brale uses SBC, a US dollar-backed stablecoin issued by Brale, to simulate institutional payment flows on the Canton Network as Visa evaluates whether SBC could join its settlement program.

The initiative builds on Visa’s earlier experiments with stablecoin settlement on public blockchains, which began in 2021 with USDC on Ethereum, and now targets banks and market infrastructure providers seeking onchain efficiency without broadcasting counterparties, positions or flows on a public ledger.

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