Nium Partners with Coinbase to Streamline Global Payments via USDC

Nium is expanding its global payment capabilities by integrating Coinbase’s infrastructure to support USDC stablecoin transactions. This partnership enables corporate clients to send, receive, and convert stablecoins into fiat currencies across a network spanning more than 190 countries through a single platform. The integration addresses a primary friction point in traditional cross-border finance: the requirement for companies to maintain prefunded accounts in multiple jurisdictions. By utilizing USDC, businesses can now fund payouts on demand, reducing the amount of idle capital tied up in various banking networks and time zones. Nium’s network currently supports over 100 currencies and holds more than 40 regulatory licenses worldwide. The new system allows for a managed flow where USDC is converted to fiat for global payouts, and it further supports linking stablecoin balances to Visa and Mastercard card programs for real-world spending. USDC, issued by Circle and Coinbase, currently holds a market capitalization of approximately $78 billion. Recent data indicates a shift in stablecoin dynamics, with USDC's supply growing by $2 billion in the first quarter, while Tether's USDT saw a decline of roughly $3 billion. This move aligns with a broader strategy by Circle to embed USDC into existing financial rails, following similar partnerships with Thunes and Sasai Fintech to lower remittance costs and increase settlement speeds globally.