Mastercard expands support to USDC, PYUSD, RLUSD stablecoin settlement
Mastercard is expanding settlement for issuers and acquirers to allow some card transactions to be settled with regulated stablecoins, alongside fiat. The new capability will cover intraday, weekend, and holiday settlement, aiming to give partners more flexibility in managing liquidity and timing. Supported stablecoins include USDC, PYUSD, USDG, USDP, RLUSD, and SoFiUSD, across networks such as Ethereum, Solana, Polygon, Base, Arbitrum, Canton, Tempo, and XRPL. Early participants are expected to include ARQ, CBW Bank, Cross River, Lead Bank, and Nuvei in the US and Latin America. The move follows Mastercard’s New York BitLicense approval and reflects wider payments-industry adoption of stablecoins, alongside Visa’s growing pilot, MoneyGram’s MGUSD launch, and Western Union’s USDPT rollout.
