Nium launches dual-network stablecoin card issuance platform
Nium, a provider of global infrastructure for real-time cross-border payments, today launched its stablecoin card issuance platform.
The solution enables companies holding stablecoins to issue spending cards on both the Visa and Mastercard networks through a single API integration, allowing stablecoins to be used at hundreds of millions of merchant locations globally.
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. Businesses will be able to convert stablecoin balances into real spending power through seamless crypto to fiat conversion at the point of sale at hundreds of millions merchant locations worldwide, without building new infrastructure or navigating a fragmented web of network agreements, banking sponsors, and compliance filings.
“Stablecoins have proven they can move money. We are now proving they can power commerce at enterprise scale. 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 payments networks, in every major market, through one integration,” said Prajit Nanu, CEO and Founder of Nium.
“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. Today’s launch is the opening move. We want to ensure our customers are positioned for what comes next,” added Prajit Nanu.
