Mastercard Enhances Settlement Network to Include Regulated Stablecoins
- Mastercard will support on-chain settlement using stablecoins like Circle’s USDC and Ripple’s RLUSD.
- New settlement options include intraday, weekend, and holiday transactions, enhancing liquidity management for financial institutions.
- Stablecoins will be available across multiple blockchain networks including Ethereum, Solana, and Arbitrum.
- Raj Dhamodharan from Mastercard emphasized the focus on real-world utility in stablecoin adoption.
- Several banks such as Cross River and Lead Bank are expected to participate in the U.S. and Latin America.
This expansion reflects a significant shift in financial markets, moving towards an always-on model for value transfer that operates outside traditional banking hours. The integration of stablecoins as settlement assets could enhance cross-border payment efficiency.
With Mastercard’s new framework supporting various stablecoins, the company aims to modernize payment infrastructures significantly by enabling real-time settlements across multiple networks.(Source)
