Mastercard Expands Stablecoin Settlement Capabilities on Blockchain Networks

Mastercard's move marks a significant step towards the adoption of on-chain payment rails in traditional financial systems. The company will support the use of several regulated stablecoins, including USDC, PYUSD, and RLUSD, across multiple blockchain networks.

This expansion enables financial institutions to settle card transactions using stablecoins alongside traditional fiat payment rails, allowing for intraday, weekend, and holiday settlement outside conventional banking hours.