stable coins
By Maheen Hernandez
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Why Brale and Why Canton. Brale's role here is pretty central. The company isn't just a passive stablecoin issuer sitting in…
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What Visa Is Actually Testing. The trial is structured as a proof-of-concept — which means it's exploratory, not a rollout.
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Visa is running a live trial. It's testing whether a dollar-backed stablecoin can handle institutional payment settlements on a private blockchain — and it picked a relatively…
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The proof-of-concept puts Visa's weight behind the SBC stablecoin, issued by Brale and pegged to the U.S. dollar, running on the Canton Network.
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The $1 trillion figure attached to this project isn't small.
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Brale's role here is pretty central. The company isn't just a passive stablecoin issuer sitting in the background — it's the actual provider of the SBC token that Visa is using…
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The Canton Network was chosen for a reason. It's built to support private, permissioned transactions — the kind of environment where a company like Visa can run tests without…
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Stablecoin adoption across global payment networks has grown sharply in recent years, driven partly by the speed advantages over traditional correspondent banking and partly by…
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Read also: UK Lords Push Back Hard on Bank of Englands £20,000 Stablecoin Cap
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The trial is structured as a proof-of-concept — which means it's exploratory, not a rollout. Visa isn't replacing anything yet. It's evaluating.
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Those are hard problems. Traditional settlement systems are slow partly because they're built on legacy infrastructure with multiple intermediaries, but they do offer certain…
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The SBC stablecoin's dollar backing matters here too. For institutional settlement, counterparties need certainty that the asset they're receiving holds its value.
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Details on the project's progress and any interim findings haven't been made public. Visa hasn't said how many transactions have run through the trial, what volumes look like, or…
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Read also: Visa and Mastercard Pull Out of Cuba as US Sanctions Bite Hard
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But the fact that Visa is running this at all says something. The company processes more than $14 trillion in payments annually.
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