Payments giant Visa has taken another step toward integrating digital assets into traditional financial infrastructure. The company announced that it is testing institutional settlement processes with SBC, a U.S. dollar-pegged token issued by Brale.
Through the pilot, Visa aims to evaluate Canton Network’s privacy features and give financial institutions greater control over transaction visibility. Visa crypto executive Cuy Sheffield said the partnership offers an important opportunity to explore enterprise use cases that require both privacy and programmable payments.
Visa has been expanding its stablecoin settlement program since 2021. According to company data, the program reached an annualized transaction volume of 7 billion dollars as of April. The payments giant currently supports multiple blockchain networks and continues to grow its stablecoin ecosystem with assets such as Ethereum, Solana, USDT and USDC.
