The platform aims to help businesses issue stablecoin-funded cards is aimed at using digital dollar balances at the point of sale using existing card networks.
Global payments infrastructure provider Nium has launched a platform that allows businesses to issue stablecoin-funded cards through Visa and Mastercard, in the latest development enabling digital dollar balances to be spent at merchants using existing card networks.
Nium said the system converts stablecoin balances into fiat at the point of sale and handles settlement, compliance and card network integration through a single integration.
The tech company said it expects to be able to shorten the time required to launch stablecoin card programs from months to days by consolidating conversion, settlement and compliance into a single integration layer.
