Nium has partnered with Coinbase to let businesses send, receive and settle USDC across its global payments platform.
The integration is now live for Nium clients, with Coinbase providing the stablecoin payment infrastructure, liquidity, wallet services and regulated custody.
The partnership gives clients a way to send and receive stablecoins and convert USDC into fiat for payouts through a single platform that connects onchain and traditional payment rails.
Prajit Nanu, CEO and Founder of Nium, said,
“The future of money movement is multi-rail. Fiat and onchain infrastructure will increasingly work together, not in isolation.
This partnership with Coinbase makes that future operational today – giving our clients a single platform to send, receive and spend stablecoins at scale ahead of a fundamental shift in how money moves.”
The setup is designed to reduce the complexity of managing stablecoin payments, liquidity, onramps, wallet infrastructure and regulatory requirements.
Through Coinbase’s APIs, Nium is extending USDC payout capabilities across its network of more than 40 licences and over 190 countries.
The offering could help banks, fintech firms and global businesses reduce the need to prefund accounts across multiple markets. Businesses can fund cross-border payouts in USDC and settle in either USDC or fiat at the point of payout, which could help them manage treasury liquidity more efficiently.
The partnership also supports USDC-backed card programmes. Businesses with stablecoin balances can use those funds for card spending, allowing them and their customers to transact at merchants globally where cards are accepted.
Alec Lovett, Head of Infrastructure Products at Coinbase, said,
“Stablecoins are transforming how money moves globally, and Coinbase is committed to enabling their use at an institutional scale.
By partnering with companies like Nium, we are extending stablecoin utility into real-world payment flows and helping institutions seamlessly connect digital asset liquidity with global fiat infrastructure.”
The announcement follows Nium’s recent launch of its stablecoin card issuance platform and expands its broader stablecoin push across payments, liquidity and card services.
Featured image: Edited by Fintech News Singapore, based on image by watercolor_vect via Freepik
