Nium taps Coinbase to add USDC into global payments network
Nium integrates Coinbase’s infrastructure to enable USDC-based cross-border payments, allowing businesses to settle in fiat or stablecoins without relying on prefunded accounts.
Singapore fintech Nium has selected Coinbase to integrate USDC payments into its global network to send, receive and convert stablecoins to fiat across more than 190 countries through a single platform.
According to a Tuesday announcement, the integration uses Coinbase’s infrastructure for custody, liquidity and wallet services, enabling Nium’s customers to fund cross-border payouts in USDC and settle in either stablecoins or local currencies.
Traditional cross-border payment systems often require companies to prefund accounts across multiple jurisdictions, tying up capital while transactions settle across time zones and banking networks, Santhosh Srinivasan, VP of Treasury at Nium, told Cointelegraph.
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