Visa tests private stablecoin settlement with Brale, Canton

Written by Christina Combenstaff writerReviewed by Bryan O'Sheastaff editorWritten by Christina Combenstaff writerReviewed by Bryan O'Sheastaff editorVisa tests private stablecoin settlement with Brale, CantonLatest NewsPublishedJun 5, 2026Visa is testing private stablecoin settlement on Canton with Brale, exploring whether institutions can use blockchain without exposing sensitive transaction data.Visa is testing whether privacy-enabled blockchain networks can support institutional stablecoin settlement without exposing sensitive transaction data, in a proof of concept with stablecoin infrastructure company Brale and the Canton Network, a permissioned ledger backed by major Wall Street firms.The project, announced Thursday, uses SBC, a US dollar-backed stablecoin issued by Brale, to simulate institutional payment flows on Canton as Visa evaluates whether SBC could become another stablecoin option in its settlement program.The initiative extends Visa’s earlier experiments using stablecoins for settlement on public blockchains, which began in 2021 with USDC settlement on Ethereum but now target banks and market infrastructure providers that want onchain efficiency without broadcasting counterparties, positions or flows on a public ledger.The push comes as policymakers and analysts anticipate a broader shift in how payment stablecoins are used. S&P Global Ratings said in a Thursday report that global stablecoin issuance has already surpassed $300 billion across currencies, with most demand still tied to crypto trading. Related: Solayer launches Visa-compatible card for USDC paymentsUS payment stablecoins that comply with the Guiding and Establishing National Innovation in US Stablecoins (GENIUS) Act are poised to expand into merchant remittances and certain types of commercial payments once rules are finalized, the report said, with one of the most promising near-term use cases being cross-border payments. However, such flows currently represent only a minimal, if …

Visa tests private stablecoin settlement with Brale, Canton

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