Visa Becomes Latest Super Validator for Canton Network Alongside Chainlink, Circle, and Talos
Visa Joins Canton Network: Visa has joined the Canton Network as a Super Validator, aiming to bridge traditional finance with blockchain systems while ensuring data privacy for institutional users.
Canton Network Overview: Launched in 2023, the Canton Network connects traditional finance with blockchain, backed by major firms like Goldman Sachs and BNP Paribas, and is designed to enhance privacy-preserving tokenized finance.
Visa's Role and Goals: As a Super Validator, Visa plans to actively participate in governance and decision-making within the network, contributing to transaction verification and the governance of core infrastructure.
Market Impact and Growth: Visa's involvement is expected to unlock new phases in financial markets, with its stablecoin operations reaching an annualized run rate of $4.6 billion and a significant increase in crypto card spending reported.
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- First Super Validator: Visa becomes the first major global payments company to serve as a Super Validator on the Canton Network, aiding financial institutions in bringing new payment flows onchain, thereby enhancing trust and governance in blockchain infrastructure.
- Privacy Protection Advantage: The Canton Network's built-in privacy features allow financial institutions to operate on shared infrastructure without exposing sensitive information, addressing the conflict between blockchain transparency and privacy needs.
- Stablecoin Strategy Expansion: Visa's participation will drive its stablecoin settlement business, which has reached an annualized transaction volume of $4.6 billion globally, further solidifying its leadership in the global payments market while providing innovative solutions for financial institutions in stablecoin payments and settlements.
- Market Connectivity and Compliance: By acting as a Super Validator, Visa will facilitate the connection between the Canton Network and capital markets, enabling financial institutions to leverage blockchain technology for fast and secure transaction processing while adhering to compliance requirements.
- Impact of Yield Ban: The U.S. Senate's latest draft proposing a complete ban on stablecoin yields caused Circle's stock to plummet 20% on March 24, reflecting investor concerns about future growth, particularly since Circle's primary revenue comes from reserve interest income.
- Dependence on Market Demand: Circle's USD Coin (USDC), the world's second-largest stablecoin, may see a decline in market demand if stablecoin yields are banned, which could adversely affect Circle's reserves and profits, thereby impacting its long-term growth potential.
- Increased Competitive Threats: The appeal of stablecoin yields attracts many investors, and a ban could lead them to pivot towards Ethereum and other cryptocurrencies, further weakening Circle's competitive position, especially in cross-border transactions and financial services.
- Cautious Future Outlook: Despite the current draft raising concerns, Circle can still generate interest income from existing reserves and increase revenue through transaction and subscription fees, with analysts projecting a 24% CAGR from 2025 to 2028, suggesting investors should remain patient and await further information.
- Stock Price Plunge: Circle's stock dropped 20% on March 24 due to the proposed complete ban on stablecoin yields in the U.S. Clarity Act draft, indicating investor concerns over future profitability and potential significant market cap loss.
- Market Demand for Stablecoins: Circle must continuously increase demand for its USD Coin to sustain growth; however, a ban on stablecoin yields could drive investors towards other cryptocurrencies, weakening Circle's revenue streams.
- Profit Model at Risk: Circle primarily generates income from interest on bank deposits and short-term Treasuries backing USD Coin, and a ban on stablecoin yields would severely threaten this profit model, potentially leading to declines in revenue and profits.
- Cautious Future Outlook: Although the Clarity Act draft raises market concerns, it is still in the drafting phase and likely won't pass in the short term, prompting investors to remain cautious and await further information before making decisions.

Visa Joins Canton Network: Visa has joined the Canton Network as a Super Validator, aiming to bridge traditional finance with blockchain systems while ensuring data privacy for institutional users.
Canton Network Overview: Launched in 2023, the Canton Network connects traditional finance with blockchain, backed by major firms like Goldman Sachs and BNP Paribas, and is designed to enhance privacy-preserving tokenized finance.
Visa's Role and Goals: As a Super Validator, Visa plans to actively participate in governance and decision-making within the network, contributing to transaction verification and the governance of core infrastructure.
Market Impact and Growth: Visa's involvement is expected to unlock new phases in financial markets, with its stablecoin operations reaching an annualized run rate of $4.6 billion and a significant increase in crypto card spending reported.
Privacy-Preserving Payments: Visa is focusing on enhancing privacy in payment systems to protect user data.
Canton Network Collaboration: The initiative aims to integrate privacy-preserving payment solutions with the Canton Network.
- Ethereum's Market Dominance: Ethereum holds approximately 60% of the decentralized finance market with a total value locked of $56 billion, and despite a 60% price drop since last August, its smart contract applications continue to drive market growth.
- Solana's Speed Advantage: Solana can handle over 100,000 transactions per second in tests, with an actual processing speed of 3,500 TPS and an average transaction fee of just $0.013, showcasing its cost and speed advantages compared to Ethereum's 15-30 TPS and $0.10-$0.30 fees.
- Market Potential and Challenges: The tokenized asset market, excluding stablecoins, is projected to grow from $33 billion today to $4 trillion by 2035; while Ethereum faces issues with network congestion and transaction fees, Solana must overcome its historical technical outages, giving both a chance to capture growth in this expanding market.
- Risk and Reward Trade-off: Although Solana's market cap of about $50 billion offers more room for growth compared to Ethereum's $250 billion, its past technical instability makes it a riskier investment, requiring investors to assess their risk tolerance when choosing between the two.








