Visa partners with Brale to test SBC stablecoin settlements on Canton Network
The proof of concept examines whether Brale’s dollar-pegged SBC token and Canton’s privacy-focused infrastructure can support faster, programmable institutional payments as stablecoin issuance tops $300 billion.
Visa is working with Brale on a proof of concept to evaluate institutional settlement using SBC, a U.S. dollar-backed token issued by Brale, on the Canton Network. The project is designed to test whether privacy-enabled blockchain infrastructure can support faster, programmable settlement while allowing financial institutions and payment firms to maintain control over the visibility of sensitive transaction data. Visa plans to assess SBC as an additional stablecoin option for institutional settlement use cases, with native support on Canton enabling testing across real-world payment flows. The effort comes as global stablecoin issuance has surpassed $300 billion, according to S&P Global Ratings. The move also builds on Visa’s broader push into stablecoin-based payments after first enabling stablecoin settlement in 2021. Its stablecoin settlement pilot had reached a $7 billion annualized run rate as of April, up 50% from the prior quarter, and now spans nine blockchains: Arc, Base, Canton, Polygon, Tempo, Avalanche, Ethereum, Solana, and Stellar.
- stablecoin: A token designed to maintain a fixed value against a reference asset, such as the U.S. dollar.
- Canton Network: A blockchain network built for institutional use cases that require privacy and control over transaction visibility.
- programmable settlement: Payment settlement that can be automated with predefined rules or conditions built into the system.