Mastercard Introduces Blockchain-Based Settlement Network

Mastercard's new settlement network enables financial institutions to settle transactions at any time, including evenings, weekends, and public holidays. This is made possible by the use of regulated stablecoins, which can be transferred across multiple blockchain networks in real-time.

The service supports a range of major blockchains, including Ethereum, Solana, Polygon, and XRP Ledger, as well as several leading stablecoin issuers such as Circle and USDC. By leveraging blockchain technology, Mastercard aims to provide a more flexible and efficient settlement process for financial institutions.