- Nium has launched a platform enabling businesses to issue VISA and Mastercard cards funded by stablecoins.
- The system consolidates conversion, settlement, and compliance, aiming to reduce program launch times from months to days.
- Major payment networks and tech firms like Visa, Mastercard, and Paypal are aggressively expanding their stablecoin payment infrastructure.
- The stablecoin market has grown to over $315 billion, according to DefiLlama data, driven by mainstream financial adoption.
Global payments provider Nium has launched a new platform allowing businesses to issue stablecoin-funded Visa and Mastercard cards. This development enables companies to spend digital dollar balances at millions of merchants globally, converting stablecoins to fiat at the point of sale. The platform consolidates conversion, settlement, and compliance into a single integration layer.
Consequently, Nium expects to shorten stablecoin card program launches from months to mere days. This innovation arrives as stablecoins are experiencing a significant surge in mainstream financial integration. Consultancy Bain & Company recently noted that “Stablecoins are having a headline moment as US legislators turn their attention to clarifying the rules of the game.”
Legislation like the proposed CLARITY Act, however, remains stalled in Congress. Meanwhile, stablecoin payments are expanding rapidly across major networks and platforms. Payment giants Visa and Mastercard are actively building their stablecoin capabilities.
Visa plans to expand stablecoin support across multiple blockchains and fiat currencies. Similarly, Mastercard agreed this month to acquire stablecoin infrastructure firm BVNK for up to $1.8 billion. Beyond card networks, PayPal recently introduced a platform for developers to issue tokens backed by its PYUSD stablecoin.
The market’s momentum is evident in its size, which now exceeds $315 billion in capitalization. Tether‘s USDT alone accounts for approximately $184 billion of this total. This activity signals a major shift towards using digital dollars within traditional financial rails.
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