Visa (V) Canada and Wealthsimple announced a collaboration to bring stablecoin settlement to the Canadian market for the first time through Visa’s pilot program. Visa said: “This marks a significant milestone in Visa’s global stablecoin strategy and underscores both companies’ commitment to modernizing the payment infrastructure underpinning commerce across Canada. Through this pilot, Wealthsimple can now satisfy certain settlement obligations with Visa Canada in USD Coin, bringing stablecoin settlement to the Canadian market.”
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