Cross-border payments/card issuance company Nium has launched its stablecoin card issuance platform. The solution is designed to let companies holding stablecoins issue spending cards on both the Visa and Mastercard networks through a single API integration, Nium said in a Monday (March 30) news release. This allows the coins to be used at hundreds of millions of merchant locations worldwide at a time when stablecoins are becoming part of the financial infrastructure, the release added.
“With regulatory frameworks advancing in the US, EU, and across Asia Pacific, and an estimated $200 billion in stablecoins now in circulation, enterprises are no longer asking whether to hold digital dollars – they are asking how to put them to work,” Nium said. “Designed to be complementary to existing systems, Nium’s platform extends the utility of stablecoins by connecting them to established payments network infrastructure – bringing the acceptance, reliability, and safeguards that businesses and consumers already trust.” The company added that the offering is designed to allow stablecoin settlement options where supported, while letting companies deploy stablecoin balances through cards and payouts without maintaining separate provider relationships.
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