Nium Expands Stablecoin Services with Cypher Acquisition
Nium, a cross-border payments company based in Singapore and San Francisco, has expanded its stablecoin services by acquiring the digital wallet business of Cypher. The acquisition aims to enhance Nium's capabilities within the blockchain ecosystem for digital transactions. In March 2026, Nium had already bolstered its crypto offerings by enabling clients holding stablecoins to issue Visa and Mastercard cards, allowing global spending at merchants. Nium CEO Prajit Nanu emphasized that the acquisition supports their strategy of building infrastructure for on-chain financial services using APIs. The company has raised $339 million in funding to support these initiatives. Nium's focus remains on efficient money movement across bank networks and avoiding distractions like card acquiring, which sets it apart from some competitors. The firm is also exploring opportunities with real-time payment systems such as the Federal Reserve’s FedNow service for cross-border transactions.
Topics: cross-border transactions cryptocurrency payments stablecoins