Visa Taps Nium for Stablecoin Settlement Pilot in Singapore

Visa has joined Singapore's BLOOM initiative to test stablecoin settlement with Nium. The pilot will explore settlements seven days a week, including weekends and public holidays.

Regulated U.S. dollar and euro-backed stablecoins will be supported under the framework. Nium is Visa's first partner for a stablecoin settlement pilot under BLOOM.

The initiative aims to connect traditional payment systems with stablecoin payment rails while retaining existing security and compliance controls, according to Adeline Kim, Visa's group country manager for Regional Southeast Asia and senior vice president for Global Clients and Acquirers in Asia Pacific.