The new solution enables businesses to issue cards for Visa and Mastercard networks to spend stablecoins at merchant locations.
Payments infrastructure platform Nium has launched a stablecoin card issuance platform designed to allow businesses to issue spending cards on both Visa and Mastercard networks. The solution uses a single API integration to enable stablecoin balances to be used for transactions at merchant locations globally.
The platform is intended to address the needs of enterprises holding digital dollars as stablecoin circulation reaches an estimated $200 billion. It provides a technical layer for crypto-to-fiat conversion at the point of sale, allowing businesses to deploy digital currency balances without building an independent payment infrastructure.
Prajit Nanu, CEO and Founder of Nium, stated: “Every business we speak to that holds stablecoins wants the same thing: a simple, compliant way to deploy those balances without building the infrastructure themselves. Today, Nium delivers exactly that – on both major payment networks, in every major market, through one integration.”
The platform includes several features for enterprise users. Businesses can issue cards globally on established networks, utilising existing security and consumer protections. Where supported, the platform also offers stablecoin settlement options to reduce the steps required for fiat conversion. Additionally, the card issuance is paired with Nium’s payout network, which covers over 190 countries.
By managing the conversion and settlement constraints in a single layer, the platform aims to reduce the time required to launch a stablecoin card programme.
Nanu also noted: “We are building at the intersection of stablecoins, AI, and programmable money because we believe the next generation of payments will be faster, smarter, and built on digital currencies.”
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