Visa tests private stablecoin settlement on Canton Network with Brale SBC
Visa has tested stablecoin settlement using Brale’s SBC token on the Canton Network, as global stablecoin issuance has surpassed $300 billion, according to S&P Global Ratings. Summary Visa, Brale, and Canton Network are testing private stablecoin settlement using SBC, a U.S.- dollar-backed stablecoin, on a permissioned blockchain network. The pilot examines whether financial institutions can…
