Visa Joins MAS BLOOM Initiative, Pilots Stablecoin Settlement with Nium

Visa's move signals that stablecoin settlement is being tested inside regulated payment rails rather than at their edges, with a major card network and an established payout provider as the participants. That matters most for cross-border payment intermediaries, where settlement speed and liquidity costs are the competitive battleground. The open question is whether such pilots move from sandbox experimentation to production volumes, and whether stablecoin settlement becomes a default option or stays a niche layer alongside correspondent banking.