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Visa, Brale launch stablecoin institutional payments pilot on Canton Network

Visa and Brale have started a proof-of-concept on the Canton Network for stablecoin-based settlement of institutional payments. The test uses SBC, a dollar-pegged token issued by Brale, to assess institutional payment flows on blockchain infrastructure that supports privacy. The aim is to evaluate whether financial institutions and payment firms can implement fast, programmable settlement while directly controlling how much sensitive transaction data is disclosed.