#brale

➤ Visa is testing a private, permissioned blockchain network (Canton) with Brale to explore privacy-preserving settlement for its stablecoin (SBC) for institutional use. ➤ The initiative aims to combine on-chain settlement efficiency with the confidentiality required by financial institutions, moving beyond public blockchain experiments. ➤ The test aligns with growing interest in regulated stablecoins for cross-border payments and remittances, pending further regulatory clarity and potential shifts in settlement infrastructure.

➤ Visa is collaborating with Brale and Canton Network on a proof of concept to test privacy-enabled blockchain networks for institutional stablecoin settlement. ➤ The initiative aims to enable efficient on-chain settlement without broadcasting sensitive transaction data, a key concern for banks and market infrastructure providers. ➤ This exploration aligns with anticipated shifts in stablecoin usage, potentially expanding beyond crypto trading into remittances and cross-border payments, while also presenting both challenges and opportunities for traditional banking systems.

➤ Visa is testing private stablecoin settlement on the Canton Network using Brale's U.S. dollar-backed SBC token, aiming to enable institutional payments with hidden transaction data. ➤ The pilot explores whether permissioned blockchain infrastructure like Canton can support stablecoin settlement for financial institutions, contrasting with previous public network tests. ➤ This initiative aligns with Visa's broader exploration of blockchain payments and comes as global stablecoin issuance exceeds $300 billion, with potential impacts on traditional banking economics.

➤ Visa is piloting a new system using Brale's SBC stablecoin on the Canton Network for private institutional fund transfers, aiming to significantly reduce international credit card fees and booking costs for travelers. ➤ This initiative leverages blockchain technology to enable faster, cheaper, and more private cross-border transactions, replacing traditional, slower interbank clearing systems. ➤ The expected outcome is a more efficient and cost-effective travel economy, with travelers benefiting from lower foreign exchange markups and reduced processing lag on overseas bookings.

➤ Visa is testing a proof of concept for stablecoin settlement on the Canton Network using Brale's SBC, a dollar-backed stablecoin. ➤ The test explores how Canton's privacy features can support institutional payment flows, diverging from Visa's usual USDC usage. ➤ The article questions Visa's choice of a less prominent stablecoin (SBC) over USDC for this specific test, suggesting a deeper evaluation is underway.

➤ Visa is piloting the use of stablecoins, specifically Brale's USD-backed SBC token on the Canton Network, for institutional payment settlements. ➤ The initiative aims to explore faster, more programmable, and private transactions, with Visa evaluating SBC integration into real payment flows. ➤ This move aligns with Visa's strategy to expand stablecoin-based solutions in a growing market where dollar-linked stablecoins are approaching $300 billion.

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