TechFlow News, June 4: Visa announced a collaboration with Brale to explore using Brale-issued, USD-backed stablecoin SBC for institutional payment settlement on the Canton Network.
This proof-of-concept will assess whether privacy-enabled blockchain infrastructure can enhance settlement speed and programmability while controlling the visibility of sensitive transaction data.
Visa stated it will further evaluate the feasibility of SBC as an institutional settlement stablecoin option. Brale noted that this initiative helps advance the practicality and scalability of stablecoin settlement in real-world payment workflows.
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