Visa Expands Digital Payments Reach with Stablecoin-Based Rail Connection

Visa Inc.'s (V) BLOOM initiative is expanding its presence in digital payments by connecting traditional payment infrastructure with stablecoin-based rails.

The move reflects Visa's efforts to adapt its network to emerging forms of money while maintaining security and compliance standards.

BLOOM, led by the Monetary Authority of Singapore, aims to enable settlement seven days a week using regulated stablecoins backed by major currencies, including US dollar- and euro-backed stablecoins.

Visa's participation in BLOOM could create longer-term opportunities in cross-border settlement and institutional money movement as stablecoins gain broader acceptance.