Nium has partnered with cryptocurrency exchange Coinbase to add USDC stablecoin payments to its cross-border payments platform. The integration is live and available to Nium clients.
Under the partnership, Coinbase will provide stablecoin payments and liquidity infrastructure. The cryptocurrency exchange will also act as the wallet provider and regulated custodian for the service.
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In a statement, Nium said its clients can now send and receive stablecoins through its platform. Clients can also convert stablecoins into fiat currency for payout use cases.
The company said the integration reduces the need for clients to manage stablecoin payments, liquidity, onramps, wallet infrastructure, and regulatory requirements independently.
Nium will use Coinbase’s stablecoin payment APIs to provide stablecoin payout capabilities across its network, which includes 40+ licences and coverage in 190+ countries. The cross-border payments provider said the joint offering is aimed at banks, fintechs and global enterprises.
Nium founder and CEO Prajit Nanu 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 partnership supports cross-border payouts funded in USDC. Businesses can settle in USDC or fiat at the point of payout, which Nium said can reduce the need to prefund accounts.
Businesses holding stablecoin balances can also use the partnership to launch USDC-backed card programmes. This would enable spending at merchant locations where cards are accepted.
Coinbase Infrastructure Products head Alec Lovett 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 a stablecoin card issuance platform.
