{"id":958287,"date":"2026-05-05T12:20:57","date_gmt":"2026-05-05T16:20:57","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/visa-canada-and-wealthsimple-pilot-stablecoin-settlement-in-canada\/"},"modified":"2026-05-05T12:20:57","modified_gmt":"2026-05-05T16:20:57","slug":"visa-canada-and-wealthsimple-pilot-stablecoin-settlement-in-canada","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/visa-canada-and-wealthsimple-pilot-stablecoin-settlement-in-canada\/","title":{"rendered":"Visa Canada and Wealthsimple Pilot Stablecoin Settlement in Canada"},"content":{"rendered":"

\nVisa Canada and Wealthsimple partner to pilot stablecoin settlement in Canada, marking a new chapter in money movement in Canada
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TORONTO, May 05, 2026 (GLOBE NEWSWIRE) — Visa Canada and Wealthsimple today announced a collaboration to bring stablecoin settlement to the Canadian market for the first time through Visa\u2019s pilot program. This marks a significant milestone in Visa\u2019s global stablecoin strategy and underscores both companies\u2019 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 (USDC), bringing stablecoin settlement to the Canadian market.<\/p>\n

The announcement builds on Visa\u2019s growing global stablecoin momentum, which recently surpassed a $7 billion annualized run rate globally in settlement volume*. 1<\/sup> With the launch of this pilot, Visa is extending that proven capability into Canada for the first time\u2014bringing global scale and experience to the market.<\/p>\n

“Visa was one of the first major payment networks in the world to settle transactions in stablecoin, and grew that capability into a proven, global pilot program now processing billions in settlement volume. Canada is a natural home for what comes next,\u201d said Michiel Wielhouwer, President and Country Manager, Visa Canada. \u201cBy bringing stablecoin settlement to Canada with Wealthsimple, we are building the infrastructure that lets the best ideas in money movement become reality at scale. Canadian innovation deserves world-class rails, and that is what we are here to provide.\u201d<\/p>\n

\n A New Way to Settle in Canada<\/strong>
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This pilot marks a foundational step toward a modern settlement system for participating Visa members in Canada. By enabling settlement in USDC, it shows how stablecoins can integrate with existing payment rails to support institutional\u2011grade settlement flows. It also gives institutions a way to move beyond traditional settlement limits and explore new capabilities as adoption grows, enhancing existing systems with greater speed, flexibility, and reliability.<\/p>\n

\n What the pilot enables:<\/strong>\n <\/p>\n