Visa Inc (NYSE:V) today announced a collaboration with Brale to explore stablecoin-based settlement using SBC, a USD-backed stablecoin issued by Brale, on the Canton Network.

The proof of concept will evaluate how privacy-enabled blockchain infrastructure can support faster, more programmable settlement while helping financial institutions and payment companies maintain control over the visibility of sensitive settlement transaction data.

Visa began enabling stablecoin settlement in 2021 and continues to expand its capabilities, allowing VisaNet obligations to be settled using supported stablecoins. A central focus of this collaboration is the Canton Network’s privacy architecture.

Through the collaboration with Brale, Visa plans to evaluate support for SBC as an additional stablecoin option for institutional settlement use cases. SBC is natively supported on the Canton Network, enabling Brale and Visa to test how privacy-preserving infrastructure can be applied to real-world institutional payment flows.

“Stablecoin settlement has shown how blockchain infrastructure can improve the speed and efficiency of money movement,” said Cuy Sheffield, Head of Crypto, Visa. “Through our work with Brale, we’re exploring how SBC on the Canton Network can support institutional settlement use cases that require both programmability and privacy controls. This collaboration helps us evaluate what it takes to bring these capabilities into production environments.”

“Financial institutions are increasingly looking for stablecoin infrastructure that meets their operational, regulatory, and privacy requirements,” said Ben Milne, founder and CEO of Brale. “Working with Visa to explore SBC on Canton is an important step toward making stablecoin-based settlement more practical and scalable for real-world payment flows.”