Coinbase has partnered with Nium to enable global payments using USD Coin, expanding the use of stablecoins in cross-border transactions. This integration reflects the growing demand for faster payments and less reliance on traditional banking infrastructure.
Important points:
- Coinbase expands $USDC Payments through Nium’s network spanning over 190 countries.
- Nium clients can fund payments $USDC Then, pay in local currency.
- Coinbase provides stablecoin payments, liquidity infrastructure, wallet services, and custody.
Client Benefits $USDC Payment access with Coinbase integration
Cryptocurrency exchange Coinbase (Nasdaq: COIN) has partnered with Nium, a global real-time cross-border payment infrastructure provider, to offer USD Coin ($USDC). The partnership will enable businesses to access stablecoin-based payments and local currency payments through Nium’s global network. Nium announced the partnership on April 21st and outlined plans to support blockchain-based payment functionality across its platform.
Underscoring the scale and cross-border impact of the effort, Coinbase CEO Brian Armstrong said on social media platform X on April 26th:
“We are unlocking stablecoin payments around the world. Nium operates in over 190 countries. All customers can fund payments.” $USDC Payments can be made in local currency without wire delays. ”
The announcement states, “Nium’s integration with Coinbase solves the complexity of separately managing stablecoin payments, liquidity, on-ramp, wallet infrastructure, and regulation. By using Coinbase’s stablecoin payments API, Nium is able to offer stablecoin payments functionality across its global network of 40+ licenses and 190+ countries around the world.”
The focus of the collaboration is $USDC Streamline international funds transfers across Nium’s payments network. Coinbase serves as a stablecoin payment and liquidity infrastructure, wallet provider, and regulated custodian. Nium clients can send and receive stablecoins and convert them into fiat currencies for payments. The company added that this approach can reduce settlement times compared to traditional banking systems, while increasing transaction visibility.
Enterprise Demand Drives Coinbase-Nium $USDC integration
This partnership reflects enterprise demand for digital asset-based payment solutions. Nium pointed to the increasing adoption of stablecoins, especially in treasury operations and international payments, where traditional banking systems can experience delays. The company noted that businesses are seeking alternatives that provide continuous availability and predictable payment value. Our integration with Coinbase is designed to address these needs while maintaining compliance with regulatory standards across jurisdictions.
Mr. Nium outlined the operational details of the integration and its availability to clients.
“The integration is now live, with Coinbase acting as the stablecoin payments and liquidity infrastructure, wallet provider, and regulated custodian, available to Nium’s clients.”
“Nium clients can now send and receive stablecoins and convert stablecoins to fiat for payments, providing a single unified platform for businesses to trade on both on-chain and fiat rails,” the company said.
