Mastercard expands support to USDC, PYUSD, RLUSD stablecoin settlement

CoinTelegraph3h agoUpdated 2h ago
Mastercard expands support to USDC, PYUSD, RLUSD stablecoin settlement
Smart Read

Mastercard expanded stablecoin settlement support to USDC, PYUSD, and RLUSD across multiple blockchains including Solana and Ethereum. The move enables intraday, weekend, and holiday card settlements, offering partners liquidity flexibility. This deepens stablecoin mainstream adoption alongside Visa's $7 billion settlement run rate. The $320 billion stablecoin market sees major payment networks increasingly integrating tokenized dollars.

Key takeaways

  • 1Mastercard expanded stablecoin settlement to USDC, PYUSD, RLUSD across Solana, Ethereum, Polygon, Arbitrum and five other blockchains.
  • 2Visa's stablecoin settlement pilot reached $7 billion annualized run rate, up 50% from previous quarter.
  • 3Global stablecoin market valued at $320 billion as major payment networks integrate tokenized dollars for intraday and weekend settlements.

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Why it matters

For Indian retail investors, this signals accelerating mainstream adoption of stablecoins in global payment infrastructure, potentially impacting cryptocurrency market liquidity and cross-border remittance costs. India's growing crypto user base could benefit from faster, cheaper settlements if similar integrations emerge domestically.

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