Nium, a global infrastructure provider for real-time cross-border payments, has announced its participation in Visa’s stablecoin settlement pilot, which allows selected partners to settle transactions with Visa using stablecoins across supported blockchains.

The pilot introduces stablecoin settlement to Nium’s operations, enabling faster and more secure cross-border settlement.

Supported stablecoins include Circle’s USDC, which Nium will use as a digital settlement rail with Visa.

Moving from traditional batch-based systems to blockchain-based stablecoin flows is expected to reduce delays, costs, and friction in cross-border settlement, including issues caused by weekend cut-offs, time zone differences, and slow reconciliation.

“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.”

“Stablecoins are increasingly becoming a critical tool in modern money movement,”

said Nischint Sanghavi, Head of Digital Currencies, Asia Pacific, Visa.

“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.”

Nium will participate through its existing real-time cross-border infrastructure, allowing customers and fintechs to access digital settlement rails without building their own stablecoin infrastructure.

Featured image credit: Edited by Fintech News Singapore, based on image by kate3155 via Freepik