The extension of its settlement network will also include additional intraday, weekend and holiday card settlement, supporting both fiat currencies and on-chain card settlement using regulated stablecoins.
The card scheme says it will support settlement using regulated stablecoins including Circle’s USDC, as well as Paxos-issued stablecoins including PYUSD, USDG and USDP, Ripple’s RLUSD and SoFi’s SoFiUSD. These stablecoins will be enabled across a range of supported blockchain networks including Arbitrum, Base, Canton, Ethereum, Polygon, Solana, Tempo and XRPL.
ARQ (formerly known as DolarApp), CBW Bank, Cross River, Lead Bank and Nuvei are expected to be among the first to support stablecoin settlement optionality in the United States and Latin America, with further expansion planned through 2026.
“The next phase of stablecoin adoption is about real-world utility, especially in settlement, where timing and liquidity matter most,” says Raj Dhamodharan, executive vice president, Blockchain & Digital Assets at Mastercard. “By introducing intraday and weekend on settlement options across our global network, we’re expanding how partners manage liquidity and operate in an always-on digital economy while maintaining the trust, resilience and safeguards they expect from Mastercard.”
Read more: https://www.finextra.com/newsarticle/47851/mastercard-rolls-out-support-for-stablecoin-settlement
