Singapore-based fintech Nium has partnered with Coinbase to integrate USDC stablecoin payments into its global network. This collaboration allows Nium's customers to send, receive, and convert stablecoins to fiat currencies in over 190 countries via a single platform.
The integration leverages Coinbase's infrastructure for custody, liquidity, and wallet services. It enables Nium customers to fund cross-border payouts using USDC and settle in either stablecoins or local currencies without requiring prefunded accounts. This system supports just-in-time settlement, deploying funds at the point of payout rather than holding them across multiple jurisdictions.
Nium's network currently supports over 100 currencies, with local collection in 40 markets and real-time payouts in more than 100 corridors. The company recently launched a platform enabling businesses to issue stablecoin-funded cards on Visa and Mastercard networks.
USD Coin (USDC) is a stablecoin pegged to the US dollar, launched by Circle and Coinbase. It is the second-largest stablecoin by market capitalization, holding approximately $78 billion.
This move by Nium aligns with broader industry trends where companies like Circle are expanding USDC's role in cross-border payments through strategic partnerships to integrate stablecoin settlement into existing financial networks.