Visa taps Nium for stablecoin settlement pilot under Singapore BLOOM

Visa has joined Singapore’s BLOOM initiative and selected Nium for a pilot testing seven-day settlement with regulated U.S. dollar and euro-backed stablecoins across cross-border payment flows. Summary 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 stablecoins backed by the U.S. dollar and euro will be supported. Nium is Visa’s first partner for a stablecoin settlement pilot under BLOOM. Visa said in an announcement that the Monetary Authority of Singapore-led program will test how financial institutions can connect traditional payment systems with stablecoin payment rails while retaining existing security and compliance controls. Nium will serve as Visa’s first partner under the framework, with the companies examining whether stablecoins can settle payment obligations throughout the week, including weekends and public holidays. Traditional payment settlement often remains tied to banking days, creating periods when institutions cannot complete parts of the settlement process. Under the pilot, Visa and Nium will study how regulated stablecoi...