Mastercard Unveils Stablecoin Settlement Support Spanning 8 Blockchains, Including The XRP Ledger
Mastercard plans to open its global card-settlement network to regulated stablecoins, allowing card issuers and acquirers to clear transactions directly on-chain. The service will support eight blockchains: Arbitrum, Base, Canton, Ethereum, Polygon, Solana, Tempo, and the XRP Ledger. Mastercard also plans intraday, weekend, and holiday settlement cycles to improve liquidity management. Initial stablecoins include Circle’s USDC, Paxos-issued PYUSD, USDG, and USDP, plus Ripple’s RLUSD and SoFiUSD. Mastercard says customers will be able to use both traditional payment settlement and digital-asset-based settlement through the same infrastructure. The rollout will begin in parts of the United States and Latin America, subject to regulation, with more regions, partners, and regulated stablecoins expected through 2026.
