Mastercard to use stablecoins for card settlements

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Eugene Komchuk

Yesterday

Mastercard to use stablecoins for card settlements — Mastercard dives into the crypto world

Mastercard will expand its card settlement capabilities using regulated stablecoins. The new feature will allow issuers and acquirers to settle some card transactions not only in fiat currencies, but also through onchain instruments.

On its website, Mastercard said the updated capabilities will include intraday settlement, as well as settlement on weekends and holidays. The company expects this to give partners more flexibility in managing liquidity and payment timing.

The current initiative shows that stablecoins are moving deeper into traditional financial infrastructure. Major payment networks are increasingly testing tokenized dollars for settlement. In May, Mastercard received a BitLicense in New York, allowing its U.S. unit to conduct regulated digital asset business in the state.

Which stablecoins Mastercard chose

The new settlement option will support Circle’s USDC, Paxos-issued PYUSD, USDG and USDP, Ripple’s RLUSD, and SoFi’s SoFiUSD. Mastercard said the stablecoins will be available across supported blockchain networks, including Arbitrum, Base, Canton, Ethereum, Polygon, Solana, Tempo and XRPL.

Among the first companies expected to support stablecoin settlement in the U.S. and Latin America, Mastercard named ARQ, formerly known as DolarApp, CBW Bank, Cross River, Lead Bank and Nuvei.

For Mastercard, this is a way to give banks, payment companies and other partners more settlement options. Stablecoins can be useful where speed, settlement availability outside banking hours and more flexible liquidity management are important.

Why companies choose stablecoins

Companies choose stablecoins because they help process settlements faster and more flexibly than traditional banking tools. Regular transfers often depend on bank working hours, weekends, holidays and intermediaries. Stablecoins can operate around the clock, including at night, on weekends and across borders. For payment companies, banks and fintech services, this means faster settlement, fewer delays and easier liquidity management.

Another advantage is cost and transparency. Stablecoins can make international transfers cheaper, simplify settlement between partners and give companies clearer control over money movement. They are also useful in markets where access to dollar infrastructure is limited or bank transfers take too long. That is why stablecoins are increasingly attracting not only crypto companies, but also payment networks, banks, money transfer services and large fintech platforms.

As a reminder, Mastercard’s revenue recently rose sharply thanks to growth in payments and services.

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