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Wu said that the digital payment giant Visa 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, 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.