Visa has joined the MAS-backed BLOOM initiative to test regulated US dollar and euro stablecoins for 24/7 settlement. The pilot with Nium explores whether digital assets can speed cross-border payments without compromising compliance standards.
Visa (V) is taking part in a Monetary Authority of Singapore-backed initiative to connect conventional payment systems with stablecoin-based settlement, the company announced on Aug. 25.
The program, called BLOOM (Borderless, Liquid, Open, Online, Multi-currency), aims to expand settlement options for banks and other institutions by testing interoperability between traditional payment rails and digital-asset networks. Visa is working with payments firm Nium on the first pilot.
The live trial focuses on regulated stablecoins backed by US dollars and euros. Current settlement processes operate only on standard business days, creating delays when institutions need weekend or holiday access to funds. The pilot tests whether stablecoins can enable seven-day settlement cycles.
Adeline Kim, Visa's group country manager for regional Southeast Asia, said the company is exploring how stablecoins can enhance existing payment infrastructure. The pilot allows Visa to test greater settlement flexibility while maintaining the security, resilience and compliance standards that support global commerce, she said.
BLOOM was introduced by the Monetary Authority of Singapore to support industry experimentation with tokenized bank liabilities and regulated stablecoins. The initiative reflects Singapore's push to modernize payment systems and foster collaboration between traditional finance and digital-asset firms.
The trial marks Visa's latest stablecoin activity. The company has run earlier settlement pilots and worked to integrate digital assets into its network. Combining a major global payments network with a cross-border provider under regulatory guidance provides a practical test of how the two systems can operate together, the company said.
Results from the pilot may inform future standards and help institutions adapt payment infrastructure while maintaining regulatory alignment.
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