Visa Tests Bank-Grade Confidential Stablecoin Settlement with Brale and Canton Network

Visa is exploring how blockchain can be used for institutional payments while preserving transaction privacy.

To test this, the company has launched a proof-of-concept with Canton Network and Brale to examine whether privacy-focused distributed ledgers can support stablecoin-based settlement without revealing sensitive transaction details.

Within the trial, Brale’s US dollar–backed stablecoin (SBC) is being used to replicate institutional payment flows on the Canton Network. This setup enables Visa to assess whether SBC could be added as another settlement option within its existing infrastructure.

The project builds on Visa’s earlier blockchain settlement work, which began in 2021 with tests using USD Coin on Ethereum. The current phase marks a shift toward serving banks and market infrastructure players seeking on-chain efficiency while ensuring that counterparties, positions, and transaction flows remain confidential.

Source: Visa