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first_img Visa has included Monad in its stablecoin settlement network options

According to The Block, payment company Visa has included the Monad blockchain network in its stablecoin settlement program, allowing participating issuing institutions and acquiring institutions to settle through this network.The Monad Foundation stated that Monad has joined the ranks of blockchains supported by Visa, including Avalanche, Ethereum, Solana, Stellar, Circle's Arc, Base, Canton, Polygon, and Tempo, with the latter five announced as supported in April this year. Compared to traditional card settlements that follow a five-business-day banking schedule, blockchain settlements allow funds to flow on weekends and holidays.Dan Roesbery, Vice President of Global On-Chain Partnerships and GTM at Visa, stated that the goal is to allow partners to flexibly choose the blockchain network that best meets their needs for settlement. The support for Monad expands the options for partners and is another step in building a multi-chain stablecoin payment settlement infrastructure. Visa disclosed that as of September 2026, its stablecoin settlement annualized run rate reached $20 billion, a year-on-year increase of more than 15 times, with over 225 stablecoin-related card projects launched globally.Monad is developing a privacy feature called Private Settlement for institutions, expected to launch in the coming months, which will allow institutions to keep sensitive transaction details confidential while sharing these details with auditors or regulators when necessary. This feature is built directly into Monad, and privacy transactions can use the same liquidity as other transactions on the network without slowing down settlement.Keone Hon, co-founder and General Manager of the Monad Foundation, stated that the next phase will depend on whether institutions can keep sensitive fund flows confidential without leaving the open network. Visa has also explored privacy settlements on Canton, announcing in June a proof of concept with stablecoin issuer Brale to test settlements using its dollar-backed SBC token.

Supreme People's Procuratorate: Two cases of personal information black and gray industry settled with virtual currency, involving over 9.4 million yuan

The Supreme People's Procuratorate released typical cases of legally protecting citizens' personal information, two of which are related to the cryptocurrency industry. In Case One, Wang and 11 others established a chain of "finding downstream buyers domestically --- obtaining personal information from abroad --- reselling at a markup domestically," paying for purchases to foreign upstream sources with virtual currency, and reselling information such as citizens' household registration, property status, and tracking trajectories, with an amount involved exceeding 1.98 million yuan. The court sentenced each defendant to imprisonment ranging from three years and six months to eight months, and imposed fines.In Case Seven, Lin and 21 others illegally obtained over 870,000 pieces of personal information of job applicants under the guise of recruitment, through online recruitment platforms and by bribing corporate human resources personnel, selling it to foreign entities for profit. The illegal gains were settled in virtual currency and then exchanged for RMB, with an amount involved exceeding 7.46 million yuan. The court sentenced each defendant to imprisonment ranging from five years and three months to six months, and ordered them to bear civil liabilities such as public welfare damage compensation.
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