The United States-based payment network Visa has joined BLOOM, an initiative led by the Monetary Authority of Singapore (MAS) to enable interoperability between traditional payment systems and stablecoin-based payment rails.
In a statement on Tuesday, Visa said with local payments firm Nium as its first partner to pilot stablecoin settlement under the program in Singapore.
The pilot will test whether regulated stablecoins backed by major currencies, including US dollar and euro-denominated stablecoins, could facilitate all-week payment settlement, including weekends and public holidays. Settlement currently follows business-day schedules and the resulting gaps can delay financial institutions’ access to funds.
Nium said the effort would help build infrastructure connecting traditional and stablecoin-based payment rails. The collaboration follows Nium’s recent launch of domestic card issuance in the United States, adding to its achievements of more than 41 million card credentials issued a year across markets including Singapore, Hong Kong, Australia, the United Kingdom and Europe.
Adeline Kim, Visa’s group country manager for Southeast Asia, said the company was exploring ways for stablecoins to complement existing payment infrastructure while preserving security and compliance standards. Interoperability between different forms of money would play a key role as digital payments evolve, the executive added.
Amaresh Mohan, chief risk and compliance officer at Nium, said the pilot was a step toward interoperability between traditional and stablecoin-based systems, and that innovation and regulatory compliance could advance together.
The BLOOM initiative, which stands for Borderless, Liquid, Open, Online, Multi-currency, was launched by MAS in late 2025 to support trials involving tokenized bank liabilities and regulated stablecoins.
The Visa-Nium pilot builds on a wider stablecoin settlement pilot that Nium joined in November, under which it settles with Visa using stablecoins including Circle’s USDC.