finance.yahoo.com

Visa BLOOM Initiative to Pilot Regulated Stablecoin Cross-Border Settlement

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Sig2.20Sen+1.50Env0.00Soc0.00Gov+1.10

Visa’s BLOOM initiative would connect blockchain-based settlement rails to its existing payments network. Under the plan, Visa and Nium will pilot regulated stablecoin settlement backed by major currencies, including U.S. dollar- and euro-backed tokens, aiming to improve cross-border settlement efficiency and liquidity for financial institutions.

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