Visa Joins Singapore MAS's BLOOM Initiative, Launches Stablecoin Settlement Pilot with Nium
AI Market Summary
Visa joining MAS's BLOOM initiative and piloting stablecoin settlement with Nium signals accelerating institutional adoption of regulated stablecoin rails for cross-border payments. The focus on interoperability with existing payment systems, compliance safeguards, and 24/7 settlement (including weekends/holidays) highlights a push to reduce friction and delays in fiat-like transfers. This improves the near-term narrative for stablecoin infrastructure and the on-chain ecosystems supporting settlement activity.
Impact level
● Medium
Affected assets
ETH/USDT-1.26%
AI Insight · ETH/USDTAI Insight
▲ Bullish
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Visa said it has joined BLOOM (Borderless, Liquid, Open, Online, Multicurrency), an initiative led by the Monetary Authority of Singapore (MAS), to broaden settlement options for financial institutions and improve interoperability between traditional payment systems and stablecoin payment rails. The program is designed to help institutions access faster, programmable payments while maintaining security and compliance safeguards.
Under the BLOOM framework, Nium will serve as the first partner and will pilot stablecoin settlement with Visa. The pilot will assess more efficient cross-border fund flows by leveraging Visa's payments network, security, and compliance capabilities. Visa and Nium will also explore enabling seven-day-a-week settlement—including weekends and public holidays—using stablecoins to cut delays and improve efficiency.
The pilot will support regulated stablecoins backed by major currencies, including USD- and EUR-denominated stablecoins, according to ChainCatcher.
