Mastercard says it is expanding stablecoin settlement across its payments network by adding support for additional tokens, including Circle’s USDC, Ripple’s RLUSD, and Paxos/PayPal-linked PYUSD. The company states the update enables faster settlement that can occur intraday and during weekends and holidays, rather than being limited to traditional business-day processing. Mastercard also indicates the changes are part of broader efforts to support stablecoin settlement across multiple blockchain environments, not tied to a single network. Across the reporting, sources describe Mastercard’s expansion as an increase in the types of stablecoins that can be used for settlement and an enhancement of the settlement timing and availability for card transactions. While different outlets emphasize various aspects—such as the specific issuers of the stablecoins or the “always-on” nature of settlement—the common theme is that Mastercard is widening its stablecoin toolkit for settlement and extending settlement windows to improve operational continuity for payments.
Mastercard expands card settlement options using USDC, PYUSD and RLUSD stablecoins
Mastercard says it is expanding stablecoin settlement across its payments network by adding support for additional tokens, including Circle’s USDC, Ripple’s RLUSD, and Paxos/PayPal-linked PYUSD. The c...
- Mastercard expands stablecoin settlement by adding support for USDC, PYUSD and RLUSD.
- The update is designed to enable intraday card settlement.
- Mastercard says the settlement approach can operate on weekends and holidays.
- The change supports stablecoin settlement across multiple blockchain networks, not only one chain.
Mastercard said it's deepening its commitment to the "always-on" economy, buffing out its stablecoin settlement capabilities.
2 months agoThe payments giant said USDC, PYUSD, RLUSD and other stablecoins will support new settlement options across multiple blockchains.
2 months agoMastercard expanded settlement to USDC, PYUSD, and RLUSD, enabling intraday, weekend, and holiday card settlement across its payments network.
2 months ago
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