Nium has launched a stablecoin card issuance platform that allows businesses to issue payment cards across the Visa and Mastercard networks.

Through a single API, businesses can issue cards and use stablecoin balances for payments at merchant locations worldwide.

The platform supports crypto-to-fiat conversion at the point of sale and can also support stablecoin settlement in markets where this is permitted.

Nium said the platform requires no new infrastructure and is the first enterprise platform to support stablecoin card issuance across both Visa and Mastercard.

It can shorten launch timelines for stablecoin card programmes from months to days by handling conversion flows, cross-border settlement requirements and card network compliance in one system.

The offering is tied to Nium’s payout network in more than 190 countries, giving businesses a way to manage card spending and disbursements through one provider.

Nium holds regulatory licences in more than 40 countries.

Prajit Nanu, CEO and Founder, Nium said,

“Stablecoins have proven they can move money. We are now proving they can power commerce at enterprise scale. Every business we speak to that holds stablecoins wants the same thing: a simple, compliant way to deploy those balances without building the infrastructure themselves.

Today, Nium delivers exactly that – on both major payments networks, in every major market, through one integration.”

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