Visa launches stablecoin settlement pilot in Canada with Wealthsimple, boosting payment efficiency.

Visa has expanded its stablecoin pilot program to Canada through a partnership with Wealthsimple, enabling settlement using USD Coin (USDC). This pilot allows Wealthsimple to meet certain settlement obligations with Visa Canada, supporting faster, more efficient payment settlements that integrate with existing financial systems. The program aims to modernize settlement processes, offering seven-day settlement and improved liquidity management, marking a significant step in digital payment innovation in Canada. Visa and Wealthsimple see this as a foundation for future automation and treasury efficiency in financial transactions.