Visa Enlists Nium for Seven-Day Stablecoin Settlement Pilot Under Singapore's BLOOM Programme
Visa Enlists Nium for Seven-Day Stablecoin Settlement Pilot Under Singapore’s BLOOM Programme #
Visa has joined BLOOM, the Monetary Authority of Singapore’s initiative to connect conventional payment infrastructure with stablecoin-based settlement, naming cross-border payments firm Nium as its first pilot partner.
BLOOM (Borderless, Liquid, Open, Online and Multi-currency) was launched by MAS in 2025 to develop settlement systems using tokenised bank liabilities and regulated stablecoins. It built on Project Orchid, an earlier MAS research programme that ran more than ten trials of programmable money and a potential digital Singapore dollar. Current participants include Circle, DBS, OCBC, Partior, Stripe and UOB; Maybank Singapore recently joined as well.
The pilot targets a recurring problem in cross-border payments: settlement windows limited to standard business days. The companies plan to test whether regulated stablecoins pegged to major currencies, including the US dollar and euro, can enable continuous settlement across weekends and public holidays, reducing delays that prevent financial institutions from accessing funds promptly. Neither company has disclosed specific launch timelines or target transaction volumes.
Nium already operates stablecoin settlement infrastructure across nine blockchain platforms, handling roughly $7 billion in annualised transaction flow. In the pilot, Nium will connect traditional payment rails to the stablecoin layer, while Visa contributes its payments network alongside its security and compliance capabilities.
Adeline Kim, Visa’s Group Country Manager for Regional Southeast Asia and Senior Vice President of Global Clients and Acquirers for Asia Pacific, said the partnership would explore how stablecoins can “complement existing payment infrastructure” while preserving the safeguards underpinning global commerce. Amaresh Mohan, Nium’s chief risk and compliance officer, described the effort as a meaningful step toward interoperability between conventional and stablecoin-based payments systems.
The Visa announcement follows a separate BLOOM pilot in March, in which Ripple and supply-chain finance firm Unloq used Ripple’s RLUSD stablecoin on the XRP Ledger.
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