CryptoWorld News reports that Wu has learned that digital payment giant Visa has announced a partnership with stablecoin infrastructure platform Brale to jointly explore stablecoin-based settlement services on the Canton Network. The two parties will conduct a proof of concept (POC) to test how the USD stablecoin SBC issued by Brale can support faster and more programmable settlements on blockchain infrastructure with privacy protection features, while helping financial institutions and payment companies maintain autonomous visibility control over sensitive settlement transaction data. Since 2021, Visa has supported stablecoin settlements, allowing debts on VisaNet to be settled using supported stablecoins.

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MetalFrameBookPageCross
· 20h ago
Visa's move is steady; traditional payment giants are embracing on-chain settlement, and SBC's privacy design on Canton is quite interesting, capturing institutional-level needs effectively.
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NeonUmbrella
· 21h ago
Started planning in 2021, only now releasing the POC. Big companies' pace is slow but steady, waiting for a mainnet launch.
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LateEntryLarry
· 21h ago
Privacy + programmable settlement, the data autonomy of financial institutions has been called out. Is this move targeting SWIFT's pain points?
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