---
title: "Visa Partners With Nium to Pilot Stablecoin Settlements Under Singapore's BLOOM"
description: "The pilot will test around-the-clock settlements using regulated US dollar and euro stablecoins under the MAS-led framework."
url: https://basisdesk.news/news/visa-nium-bloom-singapore-stablecoin-settlement
published: 2026-10-24T03:41:22.929Z
modified: 2026-10-24T03:41:22.929Z
section: Stablecoins & Payments
author: Basis Desk Newsroom (AI-generated, source-verified)
sentiment: neutral
tickers: [USDT]
tags: [visa, nium, mas, singapore, settlement, payments]
license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice.
---

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

The pilot will test around-the-clock settlements using regulated US dollar and euro stablecoins under the MAS-led framework.

## At a glance

- **What happened:** Visa joined the MAS-led BLOOM initiative with Nium as its first partner to test around-the-clock stablecoin settlement.
- **Why it matters:** Enabling weekend and holiday settlement using regulated stablecoins could remove traditional banking delays for cross-border institutions.
- **Who is affected:** Participating financial institutions, cross-border corporate payees, and payment settlement networks.
- **What's next:** No next step announced.
- **Status:** announced
- **Primary source:** [Visa Joins BLOOM With Nium As First Partner](https://www.nium.com/newsroom/visa-joins-bloom-with-nium-as-first-partner) — nium.com

## Key points

- Visa joined the Monetary Authority of Singapore's BLOOM project to test stablecoin payment settlements [1].
- Nium is the initial partner piloting weekend and holiday settlements using regulated USD and EUR stablecoins [1].
- The initiative focuses on bridging traditional payment rails with programmable currencies under established compliance rules [1].

## Editorial remark

- **Context:** Financial institutions face liquidity friction due to standard banking schedules that pause settlement on weekends and holidays. The Monetary Authority of Singapore organized the BLOOM project to explore multi-currency, liquid payment rails capable of operating without clearing disruptions.
- **Impact:** Participating cross-border institutions could eliminate multi-day settlement delays for international payments by relying on regulated fiat-backed tokens across non-business hours.
- **Watch:** The release of pilot trial results from Visa and Nium, as well as formal regulatory guidance from MAS on commercial stablecoin settlement frameworks.

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](https://basisdesk.news/news/malaysia-central-bank-ssds-tokenized-bonds-sukuk).

## 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.

## Sources

1. [Visa Joins BLOOM With Nium As First Partner](https://www.nium.com/newsroom/visa-joins-bloom-with-nium-as-first-partner) — nium.com, 2026-10-24

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Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai