Mastercard is expanding how its network settles payments by adding more stablecoins across several major blockchains. Therefore, banks and fintechs that use Mastercard can start settling some card transactions with tokenized dollars rather than only traditional bank money.
Mastercard Adds More Stablecoins to Its Settlement Network
On June 3, Mastercard said it will support settlement with regulated stablecoins such as Circle’s USDC, Paxos-issued PYUSD, USDG, USDP, Ripple’s RLUSD, and SoFi’s SoFiUSD. These stablecoins will be available on networks like Arbitrum, Base, Ethereum, Polygon, Solana, Tempo, and XRP Ledger.
The company stressed that stablecoin settlement is an additional option, not a full replacement for fiat settlement. As a result, issuers and acquirers can decide whether to move value via classic bank rails or on‑chain stablecoins while maintaining their existing Mastercard connectivity.
24/7 Settlement With Intraday and Weekend Windows
Alongside new stablecoin assets, Mastercard also unveiled “additional intraday, weekend, and holiday card settlement” for both fiat currencies and on‑chain stablecoin flows. The press release says these features will “give issuers and acquirers greater flexibility in how they settle card‑based transactions,” especially when timing and liquidity are critical.
These changes target use cases like cross‑border payments, treasury movements, and payouts, where firms often want faster settlement and clearer cash positions. Therefore, a bank or processor can replace only end‑of‑day batch cycles with more frequent settlement windows, even when traditional clearing systems are closed on weekends or holidays.
Raj Dhamodharan, Mastercard’s executive vice president for blockchain and digital assets, said, “The next phase of stablecoin adoption is about real‑world utility, especially in settlement, where timing and liquidity matter most.”
He also said that by introducing intraday and weekend settlement options, Mastercard is giving partners more ways to manage liquidity and work in a digital economy that never stops. At the same time, Mastercard continues to provide the trust, resilience, and safeguards partners expect.
Launch partners expected to support the stablecoin settlement options in the United States and Latin America include ARQ, CBW Bank, Cross River, Lead Bank, and Nuvei. Mastercard said it will roll out the expanded settlement capabilities globally and “add additional regions, partners, and regulated stablecoins over time,” subject to local regulation and oversight.
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