Mastercard is growing its stablecoin settlement.
Mastercard has officially announced its broader plans for scaling stablecoin settlement on its global network with more stablecoins and chains integrated. It now supports USDC, USDG, USDP, PYUSD, RLUSD, and SoFiUSD stablecoins across 8 top networks including Ethereum, Polygon, Solana, Tempo, Canton, Base, XRPL, and Base.
In their blog, VP of Blockchain and Digital Assets Raj Dhamodharan stated:
The next phase of stablecoin adoption is about real-world utility, especially in settlement, where timing and liquidity matter most.”
Alongside this, there will be options for companies to settle several times a day, as well as on weekends. The key thing here is that Mastercard has realised the potential of stablecoins and what it could mean for its own business in a new age of payments and international transfers.
Following its BVNK acquisition earlier in the year, there has been a positive shift towards full acceptance of the underlying technology and industry partners to ensure that the Mastercard network, one of the oldest and most active, continues to be at the centre of global settlement.
