Nium, the Singapore-based fintech firm, announced Wednesday it has elected to participate in Visa’s stablecoin settlement pilot, an initiative that enables select partners to settle with Visa using stablecoins across supported blockchains.

Nium said in a statement that the introduction of stablecoin settlement to Nium’s operations marks a significant step forward in moderniszng its cross-border money movement, unlocking faster, more secure, and programmable settlement capabilities.

By participating in Visa’s stablecoin settlement pilot, Nium will harness supported stablecoins, including Circle’s USDC as a digital settlement rail with Visa.

By moving settlement from legacy batch-based systems into blockchain-based stablecoin flows, Nium aims to reduce friction, cost and delays in cross-border settlement, including addressing pain points such as weekend cut-offs, time zone delays and slow reconciliation windows.

“Nium’s participating in the Visa pilot marks a new chapter for enterprise-grade money movement,” said Alex Johnson, Chief Payments Officer at Nium.

“Businesses have long been constrained by settlement cycles that move on the cadence of clearing schemes and banks, not on the cadence of global commerce,

“By settling with Visa via stablecoins, we’re aligning payments to the speed of the internet, not the speed of traditional rails,” he added.

Nischint Sanghavi, Head of Digital Currencies, Asia Pacific, Visa, said stablecoins are increasingly becoming a critical tool in modern money movement.

“Our stablecoin settlement pilot is designed to give partners predictable settlement capabilities up to seven days per week, to keep pace with today’s constantly evolving global commerce environment,

“We’re excited to expand our collaboration with Nium to bring these new capabilities to more participants in the ecosystem,” he added.

Nium will participate in Visa’s stablecoin settlement pilot through its existing real-time cross-border infrastructure footprint, enabling customers and fintechs to connect to faster digital settlement rails without needing to build stablecoin infrastructure themselves.

This endeavour builds on Visa and Nium’s multi-year collaboration to modernize global money movement for enterprises and platforms worldwide.

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