Black Titan Corporation reported on significant stablecoin infrastructure developments, including Visa's governance role on the Canton Network and Ripple's programmable settlement pilot, indicating a shift toward institutional adoption.
Key takeaways
Visa became a Super Validator on the Canton Network, committing to a privacy-focused blockchain for institutional payments.
Visa's stablecoin activity reached a $4.6 billion annualized settlement run rate with over 130 card programs globally.
Ripple partnered with Unloq on Singapore's BLOOM initiative to pilot programmable trade settlement using Ripple USD.
BitGo added qualified custody for Canton assets including USDCx, which is used for live settlement cases like repo and collateral workflows.
Circle Payments Network expanded with Triple-A integration for stablecoin-to-local-currency settlement across global corridors.
Nium launched a stablecoin card issuance platform enabling businesses to issue Visa and Mastercard cards via API.