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

PANews 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. Financial institutions such as Cross River, Lead Bank, CBW Bank, ARQ, and Nuvei will be among the first participants.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
PANews APP
Binance Futures will launch 6 USDT-margined TradFi perpetual contracts today.
PANews Newsflash