Mastercard expands on-chain settlement, bets on stablecoins and all-weather finance

Comparatively, according to CoinDesk, Mastercard (Mastercard) is expanding its settlement network to support regulated stablecoins, and plans to provide stablecoin settlement, intraday settlement, and weekend and holiday settlement services to meet the needs of real-time capital flow.

The new framework will run in parallel with existing fiat settlement processes and aims to provide financial institutions with more flexible liquidity management. Mastercard will first support Circle's USDC, PYUSD, USDG, and USDP issued by Paxos, 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.