Mastercard (NYSE:MA) embarks on its next settlement infrastructure expansion for supporting stablecoins including Circle’s (NYSE:CRCL) USDC (CRYPTO: USDC), Ripple’s RLUSD (CRYPOT: RLUSD) and Paxos-issued PYUSD (CRYPTO: PYUSD).
Global Payments Network Expansion
Mastercard said the new capabilities will allow partners to settle card transactions using both fiat currencies and on chain stablecoins across Mastercard’s global payments network.
Initially, stablecoin settlement infrastructure will support USDC, PYUSD, USDG, USDP, RLUSD and SoFiUSD.
The assets will operate across multiple blockchain ecosystems including Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), XRP (CRYPTO: XRP) linked XRPL, Polygon (CRYPTO: MATIC), Arbitrum, Base, Canton and Tempo.
The rollout initially targets the U.S. and Latin America, with broader expansion planned through 2026.
Besides stablecoin settlement, the company’s new enhancements also include intraday, weekend and holiday settlement.
Why It Matters
Raj Dhamodharan, Mastercard’s executive vice president for Blockchain & Digital Assets, said the next phase of stablecoin adoption centers on “real-world utility.”
The announcement also represents another institutional infrastructure catalyst for Ripple’s RLUSD stablecoin, XRP Ledger ecosystem and stablecoin-powered settlement systems.
Ripple’s Jack McDonald called the integration “a landmark validation” for blockchain-based payment infrastructure.
“By introducing intraday and weekend settlement options across our global network, we’re expanding how partners manage liquidity and operate in an always-on digital economy,” Dhamodharan said.
Image: Shutterstock
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