Mastercard Expands Settlement Capabilities to Include Stablecoins
- Mastercard plans to integrate regulated stablecoins into its global card-settlement network.
- The service will operate across eight blockchains, including Ethereum, Polygon, and Solana.
- Initial stablecoins include Circle’s USDC, Paxos’ PYUSD, USDG, and USDP, Ripple’s RLUSD, and SoFi’s SoFiUSD.
- The rollout will initially cover parts of the United States and Latin America, with plans for global expansion through regulation compliance by 2026.
- Mastercard aims to introduce intraday, weekend, and holiday settlement cycles for enhanced liquidity management.
Mastercard is set to enhance its payment infrastructure by incorporating stablecoin settlements across multiple blockchain networks. This move is intended to offer both traditional and digital-asset-based settlement options using existing infrastructure.
By enabling stablecoin transactions on-chain, Mastercard seeks to improve liquidity management in a digital economy that operates continuously without downtime. The initial deployment targets specific regions with plans for broader adoption as regulatory conditions permit through the next few years. Source
