Visa launches stablecoin settlement pilot with Brale, shares rise 3.7%

Visa announced a collaboration with fintech firm Brale to pilot settlement using SBC, a U.S. dollar‑backed stablecoin, on the privacy‑focused Canton Network. The proof‑of‑concept will assess speed, programmability and privacy controls for institutional payments while limiting visibility of sensitive transaction data.

The news lifted Visa’s stock about 3.66% to $323.82. Institutional investors reacted, with Meridian Management Co. raising its Visa holding by 30.2% to 14,326 shares and other hedge funds also adjusting positions.

Visa’s latest earnings showed $3.31 earnings per share on $11.23 billion revenue, beating forecasts, and the company announced a $20 billion share‑buyback plan and a $0.67 quarterly dividend.