At the point of sale, the platform automatically converts stablecoin balances into fiat currency.
Stablecoin News
Payments infrastructure firm Nium has launched a platform enabling businesses to issue stablecoin-funded payment cards on the Visa and Mastercard networks. At the point of sale, the platform automatically converts stablecoin balances into fiat currency. Settlement, compliance, and card network integration are all managed within a single system.
Nium said the platform compresses the time required to launch a stablecoin card program from months to days. Businesses avoid the need to build separate integrations for conversion, compliance, and network connectivity.
U.S. legislators are currently debating how to regulate stablecoins. The CLARITY Act, which would establish formal rules for the stablecoin market, remains stalled in Congress. The crypto industry and traditional banks are in disagreement over how the bill should handle stablecoin reward programs. Bain & Company recently stated that stablecoins are attracting fresh legislative attention as U.S. policymakers move toward formal regulation.
The total stablecoin market capitalization stands at more than $315 billion, according to DefiLlama. Tether’s USDT accounts for approximately $184 billion of that total, representing around 58% of the market.
Stablecoin payment activity has been growing across card networks and fintech platforms. Visa announced in October that it would extend stablecoin support across four tokens and four blockchain networks. The expansion allows conversion into more than 25 fiat currencies. Supported tokens include USDC, Euro Coin, PayPal USD, and Global Dollar, across Ethereum, Solana, Avalanche, and Stellar.
Mastercard agreed earlier this month to acquire stablecoin infrastructure firm BVNK for up to $1.8 billion, including contingent payments. The deal is designed to link fiat payment infrastructure with on-chain transaction processing.
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