Visa is taking another step into the stablecoin settlement game, this time with a privacy twist. The payments giant announced a collaboration with Brale, a regulated stablecoin issuance platform, to run a proof-of-concept using Brale’s SBC token for institutional payments on the Canton Network.
The core idea: test whether a USD-backed stablecoin can settle institutional transactions in an environment where sensitive data stays hidden from parties who don’t need to see it.
What Visa and Brale are actually building
SBC is Brale’s USD-backed stablecoin, designed for real-time, compliant transactions. The Canton Network, built by Digital Asset, is a permissioned yet open distributed ledger specifically designed for the financial sector.
Unlike public blockchains where every transaction is visible to anyone with an internet connection, Canton features what its creators call L1 privacy architecture. That means transaction visibility is restricted to only the relevant parties involved.
