Visa, Nium Test Stablecoin Settlement Under BLOOM Initiative
Visa and Nium are testing a seven-day stablecoin settlement through Singapore's BLOOM initiative. The pilot uses regulated stablecoins backed by major currencies, including the U.S. dollar and euro, alongside Visa's payment network and compliance systems.
The goal is to reduce delays in cross-border payments and give participating financial institutions faster access to funds outside standard settlement windows. This is part of Visa's broader experimentation with blockchain-based settlement as the company extends its network beyond card rails into digital-asset infrastructure.
Nium is Visa's first pilot partner under the BLOOM program, which aims to bring together financial institutions and industry participants to test faster cross-border payments. The pilot will explore how stablecoins can complement existing payment infrastructure and enable greater flexibility in settlement while preserving security, resilience, and compliance standards.