Visa joins Singapore-led BLOOM initiative to pilot stablecoin settlement with Nium

Visa has joined BLOOM, an initiative led by the Monetary Authority of Singapore (MAS), and selected Nium as its first partner for a pilot testing whether regulated U.S. dollar- and euro-backed stablecoins can settle cross-border payment obligations seven days a week, including weekends and public holidays. The institutional settlement trial will connect conventional payment infrastructure with stablecoin rails while preserving security, resilience and compliance controls. Maybank Singapore has also recently joined BLOOM to help develop common standards and infrastructure for tokenised cross-border payments. The companies have not disclosed the specific tokens, participating financial institutions beyond the named partners, launch timetable or expected transaction volume. The project builds on BLOOM's work on tokenized bank liabilities and regulated stablecoins, Nium's USDC payout integration with Coinbase, and Visa's stablecoin settlement infrastructure across nine blockchain networks.

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