Visa Joins Singapore’s BLOOM Initiative As Nium Tests Stablecoins For Faster Seven-Day Payment Settlement
Visa has joined MAS-led Project BLOOM with Nium to test regulated stablecoins for cross-border payment settlement seven days a week, including weekends and public holidays. The pilot will use US dollar and euro-backed stablecoins alongside Visa’s existing payment network to reduce settlement delays and give financial institutions faster access to funds.
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