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Deep Tide TechFlow News, June 4th, Visa announced a partnership with Brale, aiming to explore the use of Brale-issued, USD-backed stablecoin SBC for institutional payment settlements on the Canton Network.
This proof of concept will evaluate whether blockchain infrastructure with privacy protection capabilities can enhance settlement speed and programmability while controlling the visibility of sensitive transaction data.
Visa stated that it will further assess the feasibility of SBC as an institutional settlement stablecoin option. Brale said that this move helps promote the practicality and scalability of stablecoin settlements in real payment processes.