Visa partners with Brale to test private stablecoin settlement system

Visa Inc. (NYSE: V) announced a collaboration with Brale to explore stablecoin-based settlement using SBC, a U.S. dollar-backed stablecoin, on the Canton Network. The proof of concept will test how privacy-enabled blockchain infrastructure can support institutional payment flows while maintaining control over sensitive transaction data visibility.

The collaboration focuses on Canton Network's privacy architecture, which allows participants to transact on shared infrastructure while limiting visibility of sensitive transaction information. This differs from many public blockchain networks that offer less privacy control.

Visa began enabling stablecoin settlement in 2021 and continues expanding these capabilities for VisaNet obligations. Through the partnership with Brale, Visa plans to evaluate SBC as an additional stablecoin option for institutional settlement use cases.

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

SBC is natively supported on the Canton Network, enabling the companies to test privacy-preserving infrastructure for real-world institutional payment flows. The collaboration aims to address financial institutions' needs for stablecoin infrastructure that meets operational, regulatory, and privacy requirements.

"Financial institutions are increasingly looking for stablecoin infrastructure that meets their operational, regulatory, and privacy requirements," said Ben Milne, founder and CEO of Brale.

Brale operates as a regulated stablecoin infrastructure platform that enables companies to launch and operate fiat-backed digital currencies through a modular API-based platform designed for institutional use cases.

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