Visa (V) said Thursday that it is partnering with Brale to explore settlements using SBC, a US dollar-backed stablecoin issued by Brale, on the Canton blockchain network.
Visa said it plans to evaluate support for SBC as an additional stablecoin option for institutional settlement use cases.
The company said that it will undertake a proof of concept to test how privacy-enabled blockchain infrastructure can support secure, scalable settlement for institutional payments.
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