Global payments infrastructure provider Nium launches a platform allowing businesses to issue stablecoin-funded cards through Visa and Mastercard networks. The system converts stablecoin balances into fiat at point of sale while handling settlement and compliance through single integration.
Nium expects to reduce stablecoin card program launch times from months to days by consolidating conversion, settlement and compliance into one integration layer. Current stablecoin market capitalization exceeds $315 billion with Tether's USDT representing $184 billion.
Card network expansion continues as Visa supports four stablecoins across four blockchains with conversion into 25+ fiat currencies. Mastercard acquired stablecoin infrastructure company BVNK in $1.8 billion deal to connect fiat payment systems with onchain transactions. PayPal introduced PYUSDx platform enabling developers to create dollar-pegged tokens backed by PYUSD for application transactions.