Visa tests private stablecoin settlement with Brale, Canton
Visa is testing privacy-preserving blockchain settlement for institutions through a proof of concept with stablecoin issuer Brale and the Canton Network. The project uses Brale’s USD-backed stablecoin, SBC, to simulate institutional payment flows and assess whether it can join Visa’s settlement program. It builds on Visa’s earlier stablecoin work on public chains, starting with USDC settlement on Ethereum in 2021, but now targets banks and market infrastructure that want onchain efficiency without exposing counterparties, positions, or transaction flows publicly. Canton is a permissioned network used by major financial firms and designed so only transaction participants and authorized regulators can view sensitive data while still enabling atomic settlement across tokenized assets and cash-like instruments. The test will examine whether Canton can support faster, more programmable settlement while preserving strict data privacy. The move comes as stablecoin issuance tops $300 billion and institutions prepare for broader use in cross-border, remittance, and commercial payments.
