According to TechFlow TechFlow, on March 26, The Block reported that Visa announced it has been selected as a Super Validator for the Canton Network, marking Visa's first submission and approval of a blockchain governance proposal.
Visa's application was submitted on March 20 and approved on March 23, granting it the highest super validator weight of 10. Visa stated that it will use this as a foundation to assist institutions in introducing Canton into real-world business scenarios such as payments, settlements, and treasury management, and plans to leverage Canton's payment layer to expand its stablecoin business.
Canton Network currently has 42 supervalidators and a total of 849 validators, generating approximately $2.3 million in daily transaction fees. Current participating institutions include BNP Paribas, Goldman Sachs, DTCC, Nasdaq, Circle, and Paxos.
