Visa and Nium pilot stablecoin settlement under Singapore's BLOOM

Visa has joined MAS-led initiative BLOOM and named Nium as its first partner to pilot stablecoin settlement, testing whether funds can settle seven days a week. What changed BLOOM - Borderless, Liquid, Open, Online, Multi-currency - is a Monetary Authority of Singapore initiative aimed at extending the settlement options open to financial institutions and at interoperability between conventional payment systems and stablecoin rails. Settlement today runs on business days, leaving institutions waiting across weekends and public holidays. The Visa-Nium pilot tests settlement on non-business days using regulated stablecoins backed by major currencies, including US dollar and euro denominations. Visa frames the approach as complementary to existing infrastructure rather than a replacement. No completion timeline or publication date for findings has been given.