The payments giant will enable real-time settlement using regulated stablecoins like USDC and PYUSD across multiple blockchains.
Mastercard will allow financial institutions to settle transactions using regulated U.S. dollar stablecoins, including USDC and PYUSD, alongside traditional fiat processes. The move supports intraday, weekend, and holiday settlement across networks like Ethereum, Solana, and Polygon, aiming for an always-on payment model.
Early adopters include banks and payment firms such as Cross River, Lead Bank, and Nuvei. The expansion reflects growing demand for instant, cross-border settlement solutions using blockchain technology. Mastercard’s framework operates in parallel with existing fiat settlement systems, offering greater liquidity flexibility.
Supported stablecoins include Circle’s USDC, Paxos-issued PYUSD, and Ripple’s RLUSD, among others. The initiative targets deeper integration of blockchain-based payments into global financial infrastructure.