Visa, Nium pilot seven-day stablecoin settlements
Visa, Nium pilot seven-day stablecoin settlements
Anonymous
Key Points
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BLOOM was launched by the Monetary Authority of Singapore in late 2025 to support trials involving tokenised bank liabilities and regulated stablecoins.
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Nium has been expanding its payments capabilities, including a new domestic card issuance in the United States, and now issues more than 41 million card credentials annually across markets such as Singapore, Hong Kong, Australia, the United Kingdom and Europe.
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Adeline Kim, Visa’s group country manager for Southeast Asia, said the pilot will explore how stablecoins can complement existing payment infrastructure while preserving security and compliance standards, with interoperability between different forms of money playing a key role in digital payments evolution.
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Singapore’s central bank backing underscores a supportive regulatory environment, making Singapore a key testing ground for tokenised money and stablecoin interoperability within mainstream payment systems.
Visa is joining Singapore's BLOOM initiative to test seven-day stablecoin settlements with payments firm Nium as its first partner. Crypto News reports the pilot will use regulated stablecoins backed by US dollars and euros to enable settlement every day of the week, including weekends and public holidays. The goal is to reduce delays and improve liquidity for financial institutions in cross-border payments.
Singapore's central bank is backing the effort through BLOOM, which stands for Borderless, Liquid, Open, Online, Multi-currency. Asian Banking and Finance notes the initiative aims to streamline weekend settlement gaps for 24/7 payments. Maybank Singapore has also joined to help develop common standards for tokenized cross-border payments, signaling broader industry buy-in.
How Stablecoins Speed Up Cross-Border Payments
Traditional banking settles payments Monday through Friday. Weekends and holidays create backlogs that slow money movement. Tron Weekly reports Visa and Nium's pilot uses stablecoins to eliminate these gaps. Regulated stablecoins backed by major currencies can settle 24/7 without waiting for bank hours. This cuts delays for companies moving money between countries.
Adeline Kim, Visa's group country manager for Southeast Asia, said the pilot will explore how stablecoins complement existing payment infrastructure. Crypto News reports the focus is on interoperability between different forms of money. Visa wants stablecoins to work seamlessly with current systems while keeping security and compliance standards intact.
Singapore's Central Bank Backs Tokenized Money
Singapore's Monetary Authority launched BLOOM in late 2025 to support trials with tokenized bank liabilities and regulated stablecoins. SG Head Topics explains the initiative aims to enable seven-day-a-week settlement and reduce delays. This regulatory backing makes Singapore a key testing ground for stablecoins in mainstream payments. Banks can experiment safely under MAS supervision.
Maybank Singapore joined BLOOM to develop infrastructure and standards for tokenized cross-border payments. This signals broad bank participation. Asian Banking and Finance notes the initiative emphasizes security and regulatory compliance. Having major financial institutions involved strengthens the ecosystem and builds confidence in stablecoin settlements.
Nium's Growing Role in Global Payments
Nium is expanding its payments reach across multiple markets. The company now issues more than 41 million card credentials annually in Singapore, Hong Kong, Australia, the United Kingdom, and Europe. Crypto.News reports Nium recently launched domestic card issuance in the United States. The Visa pilot gives Nium a platform to test stablecoin integration at scale.
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