Nium Brings Stablecoin Cards to Visa and Mastercard

Nium has launched a platform allowing businesses to issue stablecoin-funded payment cards on Visa and Mastercard networks. The platform automatically converts stablecoin balances into fiat currency at the point of sale, streamlining the process for businesses.

This move compresses the time required to launch a stablecoin card program from months to days, as businesses no longer need to build separate integrations for conversion, compliance, and network connectivity. Nium's platform manages settlement, compliance, and card network integration within a single system.

The total stablecoin market capitalization stands at more than $315 billion, with Tether's USDT accounting for approximately 58% of the market at around $184 billion. Stablecoin payment activity has been growing across card networks and fintech platforms, with Visa extending support to four tokens and four blockchain networks in October.

Nium's move comes as U.S. legislators debate how to regulate stablecoins, with the CLARITY Act stalled in Congress. The crypto industry and traditional banks are in disagreement over how the bill should handle stablecoin reward programs.