Key HighlightsVisa has become a participant in the BLOOM initiative, spearheaded by Singapore’s Monetary Authority of Singapore (MAS), to explore stablecoin-based payment settlement.The global payment network has selected Nium as its initial collaboration partner within the BLOOM program.Testing will focus on continuous settlement operations spanning all seven days of the week, covering weekends and holidays, utilizing regulated stablecoins pegged to USD and euros.The company currently operates stablecoin settlement infrastructure across nine different blockchain platforms with approximately $7 billion in annualized transaction flow.Neither company has revealed specific timelines for deployment or projected transaction volumes for the pilot program.The global payments giant Visa has announced its participation in Singapore’s BLOOM program, an initiative orchestrated by the Monetary Authority of Singapore (MAS), collaborating with cross-border payment platform Nium to trial stablecoin settlement mechanisms. The company disclosed $11.63 billion in net revenue for its fiscal third quarter ending in July, marking a 10% year-over-year increase in both payment volume and processed transactions.Visa Inc., VThe experimental program aims to evaluate whether regulated digital currencies backed by U.S. dollars and euros can facilitate payment settlement operations continuously throughout the week, eliminating the restrictions imposed by traditional banking schedules. Conventional settlement processes remain constrained by business days, creating operational gaps when financial institutions cannot finalize critical components of transactions.Under the BLOOM infrastructure, Visa has designated Nium as its inaugural partnership for this initiative. Both organizations will investigate how stablecoin-based settlement can minimize processing delays and provide financial institutions with accelerated fund availability.The trial emphasizes the backend settlement infrastructure supporting payments rather than the consumer-facing transaction initiation process. According to Visa, stablecoins have the potential to introduce greater programmability into payment workflows and enable institutions to execute settlement operations beyond conventional banking hours.Growing Blockchain Settlement NetworkThe payment processing leader currently maintains stablecoin settlement capabilities spanning nine distinct blockchain platforms, encompassing Ethereum, Solana, Avalanche, Stellar, Base, Polygon, Canton, Arc and Tempo. In April, the company disclosed an annualized stablecoin settlement transaction rate approaching $7 billion, representing a 50% quarterly increase.By June, Visa indicated that issuing banks participating in its blockchain-based programs had achieved the capability for continuous weekly settlement. The organization has simultaneously pursued efforts to extend this functionality to acquirers—entities responsible for managing merchant funds following card transaction clearing.During the company’s July earnings presentation, CEO Ryan McInerney characterized Visa’s stablecoin strategy as “multi-coin, multi-chain,” emphasizing that the company has no intention of endorsing a singular stablecoin. The BLOOM testing program aligns with this diversified approach, as no specific token has been designated for the pilot yet.Adeline Kim, serving as Visa’s group country manager for Regional Southeast Asia, emphasized the importance of interoperability in payment evolution. “The future of payments will be shaped by how different forms of money and payment networks work together for different use cases,” Kim stated.Nium’s Integration and BLOOM’s EcosystemThis development builds upon Nium’s April implementation of USDC disbursements through Coinbase, which introduced stablecoin-enabled international payments across its network spanning over 190 nations. This infrastructure enables enterprises to finance disbursements using USDC and complete settlements in either stablecoins or local currencies, eliminating the need for maintaining prefunded accounts in multiple jurisdictions.Amaresh Mohan, serving as Nium’s chief risk and compliance officer, explained that the BLOOM collaboration focuses on developing infrastructure that bridges conventional payment systems with stablecoin-based rails.The BLOOM framework was launched by MAS in 2025 and encompasses participants including Circle, DBS, OCBC, Partior, Stripe and UOB. The initiative expands upon Project Orchid, MAS’s preceding exploration of programmable money concepts.Another BLOOM experiment disclosed in March featured Ripple and supply-chain financing company Unloq leveraging RLUSD on the XRP Ledger to evaluate a trade-finance settlement framework connected to shipment authentication.Neither Visa nor Nium has provided information regarding a deployment timeline, anticipated transaction volumes, or additional financial institutions that may participate in the pilot beyond the two primary companies.The post Visa (V) Stock: Payment Giant Partners with Nium for Singapore’s Stablecoin Settlement Test appeared first on Blockonomi.