Mastercard expands on-chain settlements, betting on stablecoins and 24/7 financial services.

CoinFeed reported on June 3rd that, according to CoinDesk, Mastercard is expanding its settlement network to support regulated stablecoins, planning to offer stablecoin settlement, intraday settlement, and weekend/holiday settlement services to meet the needs of real-time fund flows. The new framework will operate in parallel with existing fiat currency settlement processes, aiming to provide financial institutions with more flexible liquidity management. Mastercard will initially support Circle's USDC, Paxos' PYUSD, USDG, and USDP, Ripple's RLUSD, and SoFiUSD, covering blockchain networks such as Ethereum, Solana, Polygon, Base, Arbitrum, and XRPL.