Mastercard today announced plans to make it easier to settle transactions by expanding its intraday, weekend, and holiday settlement capabilities via regulated stablecoins. Settlement with fiat currency is also supported. The goal is to offer greater flexibility for card issuer banks and merchant acquirer financial institutions, which have to manage settlement timing and liquidity without disrupting existing processes. Mastercard said these upgrades are particularly relevant to settlements where stablecoins bring big benefits, including cross-border payments, corporate treasury management, and liquidity needs outside of traditional banking hours. Mastercard will support settlement using Circle’s USDC, Ripple’s RLUSD, SoFi’s SoFiUSD, and three Paxos-issued stablecoins: USDG, USDP, and PayPal’s PYUSD. These stablecoin payments will…
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