Visa Partners With Nium to Pilot Stablecoin Settlements Under Singapore's BLOOM

Payments giant Visa joined Project BLOOM, an initiative organized by the Monetary Authority of Singapore (MAS) aimed at integrating conventional payment infrastructure with stablecoin rails ¹. Payments platform Nium will serve as Visa’s initial partner in testing stablecoin-based settlement under the framework ¹.

Under current operations, standard interbank payment settlements are limited to traditional business days ¹. The pilot aims to enable continuous, seven-day settlement cycles across weekends and public holidays, expediting liquidity access for participating institutions ¹. Testing will focus on regulated, fiat-backed stablecoins denominated in major currencies, specifically the US dollar and the euro ¹. The initiative operates alongside broader regional initiatives to modernize institutional financial rails, such as the tokenized debt infrastructure launched across Southeast Asia.

Interoperability and Regulatory Alignment

Visa and Nium stated that the project focuses on achieving technical interoperability while maintaining standard compliance, security, and risk frameworks ¹. Amaresh Mohan, Chief Risk and Compliance Officer at Nium, said the pilot establishes infrastructure bridging conventional networks with programmable digital currency rails ¹. Adeline Kim, Visa’s regional head for Southeast Asia, noted that the effort is designed to evaluate how stablecoins can complement existing clearing systems without lowering compliance thresholds ¹.

Neither party disclosed a formal launch schedule or operational timeline for the broad commercial rollout of the settlement mechanism ¹. At the time of writing, the broader digital asset market registered a total capitalization of $2.68 trillion, with major stablecoin $USDT trading at $0.9987.