Nium, a global leader in real-time cross-border payments, has announced its participation in Visa’s stablecoin settlement pilot. This initiative allows Nium to settle transactions using stablecoins, including Circle’s USDC, across supported blockchains. The collaboration aims to modernise Nium’s payment operations by offering faster, more secure, and programmable settlement capabilities.
The integration of stablecoin settlement is set to transform Nium’s cross-border money movement by shifting from traditional batch-based systems to blockchain-based stablecoin flows. This transition is expected to reduce friction, costs, and delays, addressing common issues such as weekend cutoffs and time zone discrepancies. Alex Johnson, Chief Payments Officer at Nium, stated, “By settling with Visa via stablecoins, we’re aligning payments to the speed of the internet, not the speed of traditional rails.”
Visa’s Head of Digital Currencies Asia Pacific, Nischint Sanghavi, highlighted the importance of stablecoins in modern money movement, noting that the pilot offers predictable settlement capabilities up to seven days a week. “We’re excited to expand our collaboration with Nium to bring these new capabilities to more participants in the ecosystem,” Sanghavi added.
Nium’s participation in the pilot leverages its existing real-time cross-border infrastructure, enabling customers and fintechs to access faster digital settlement rails without developing their own stablecoin infrastructure. This effort builds on Visa and Nium’s longstanding collaboration to enhance global money movement for enterprises worldwide. As stablecoins become increasingly integral to financial transactions, this partnership signifies a pivotal shift towards more efficient and adaptable payment solutions.
