Visa and Brale Pilot SBC Stablecoin Settlement on Canton Network

TLDR

• Visa and Brale launched a proof-of-concept to test SBC stablecoin settlement on the Canton Network.
• The program focuses on private, programmable transactions for institutional payment flows.
• SBC is a U.S. dollar-backed stablecoin issued by Brale for settlement use cases.
• The Canton Network enables privacy controls while supporting secure blockchain transactions.
• Visa is evaluating SBC as an additional stablecoin option within its settlement ecosystem.

Visa and Brale have launched a proof-of-concept to test stablecoin settlement using SBC on the Canton Network. The program focuses on enabling private and programmable transactions for institutional payment flows. It also aims to assess how blockchain systems can support controlled data visibility in financial operations.

Visa Expands Stablecoin Settlement Testing with SBC

Visa and Brale are testing SBC, a U.S. dollar-backed stablecoin issued by Brale. The companies aim to evaluate its use in institutional settlement scenarios. They are using the Canton Network to support privacy-enabled transaction infrastructure.

The test program focuses on real-world payment flows within controlled environments. It allows financial firms to process transactions while managing sensitive data visibility. The setup ensures that institutions retain authority over confidential financial information.

Visa stated that SBC will serve as an additional settlement option in its ecosystem. The integration supports programmable payments and structured financial workflows. Native support on Canton enables testing across multiple operational conditions.

Cuy Sheffield, Visa’s Head of Crypto, addressed the initiative in a statement. He said, “We’re exploring how SBC can support settlement use cases requiring programmability and privacy controls.” He added that the collaboration evaluates readiness for production environments.

The proof-of-concept builds on Visa’s earlier blockchain payment efforts. The company introduced stablecoin settlement capabilities in 2021. Since then, it has expanded testing across multiple blockchain networks.

Visa’s pilot program reached a $7 billion annualized run rate in April. This figure reflects a 50% increase from the previous quarter. The program now operates across nine blockchain platforms.

SBC and Stablecoins Gain Traction in Institutional Payments

SBC functions as a dollar-pegged token backed by reserves held by Brale. The stablecoin supports consistent value for settlement operations. This structure allows institutions to process transactions without exposure to volatility.

The Canton Network provides privacy-focused infrastructure for financial institutions. It enables secure data sharing while maintaining transaction confidentiality. This design supports compliance requirements in regulated environments.

Stablecoins continue to grow as tools for global payments and settlement. Visa stated that these assets can act as scalable settlement layers. The company continues to test different tokens across its network.

The total supply of dollar-backed stablecoins is approaching $300 billion. Tether’s USDT accounts for about $188 billion of that supply. Meanwhile, Circle’s USDC holds around $76 billion in circulation.

Visa’s program includes networks such as Ethereum, Solana, and Avalanche. It also supports platforms like Base, Polygon, and Stellar. The addition of Canton expands its testing for privacy-focused use cases.

The collaboration between Visa and Brale remains in the evaluation phase. The companies continue testing transaction performance and settlement efficiency. They aim to refine operational capabilities before wider deployment.