Visa Pilots Privacy Stablecoin
Visa and Brale Collaborate to Test Stablecoin Settlement on Privacy-Focused Canton Network
Visa said it is collaborating with Brale to test stablecoin-based settlement using SBC, a U.S. dollar-backed stablecoin, on the Canton Network. The proof of concept will assess whether privacy-enabled blockchain infrastructure can deliver faster and more programmable institutional settlement while allowing financial institutions and payment firms to control what sensitive transaction data is visible. Visa noted it has been enabling stablecoin settlement since 2021 and is extending its capabilities to let VisaNet obligations be settled with supported stablecoins. The effort centers on Canton’s privacy architecture, which is designed to let participants transact on shared infrastructure without exposing transaction details, with Visa and Brale evaluating SBC as an additional option for real-world payment flows.
Key Points
Brale CEO Ben Milne said financial institutions “are increasingly looking for stablecoin infrastructure that meets their operational, regulatory, and privacy requirements,” adding that the Visa collaboration is “an important step toward making stablecoin-based settlement more practical and scalable for real-world payment flows.”
Visa’s Head of Crypto, Cuy Sheffield, framed the work as testing what it would take to bring the programmability-and-privacy benefits “into production environments,” not just a theoretical capability.
The proof of concept is explicitly described as testing “secure, scalable settlement for institutional payment flows” using privacy-enabled blockchain infrastructure.
Visa and Brale also emphasized that the work targets the reality that stablecoin adoption requires “strict privacy and compliance requirements,” and that Canton is “unlike many public blockchain networks” because it limits visibility into sensitive transaction information while still using shared infrastructure.
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