Visa, Mastercard, and Stripe are reportedly backing a new shared stablecoin platform aimed at faster, cheaper cross-border settlement, according to a Coindesk report published Wednesday by reporter Ian Allison, citing three people familiar with the plans. Payments Giants Eye Shared Stablecoin Infrastructure The platform, which has not been officially announced and carries no confirmed name, […]
Mastercard said Wednesday it plans to open its global card-settlement network to regulated stablecoins, a move designed to let card issuers and acquirers clear card transactions directly on-chain. The company says the service will operate across eight different blockchains, extending on what it describes as “real-world utility” for digital assets. Alongside the expanded on-chain settlement approach, Mastercard also plans to introduce intraday, weekend, and holiday settlement cycles. Mastercard Moves Toward On-Chain Settlement In its announcement, Mastercard said the stablecoins include Tether’s rival, Circle, and its USDC stablecoin, which Mastercard noted is already supporting early on-chain settlement activity in select markets. Mastercard also listed stablecoins issued by Paxos, including PYUSD, USDG, and USDP. In addition, the company cited Ripple’s RLUSD and SoFi’s SoFiUSD as part of the initial stablecoin lineup for the network. Related Reading: Bitcoin Crash Explained: Binance
Mastercard is using regulated stablecoins to enable intraday, weekend, and holiday settlement, with USDC, PYUSD, RLUSD, and others supported across eight chains.
Mastercard announced on June 3 that it will expand its global settlement infrastructure to support on-chain settlement using crypto via regulated stablecoins — enabling card transactions to settle 24 hours a day, seven days a week, across weekends and holidays for the first time in the network’s history, per the company’s official press release. Related […]
Tether and Fasset have launched a Visa card that lets users spend tokenized gold through everyday purchases while earning rewards in Tether Gold. According to the announcement, the card runs on Visa’s global payments network and can be used at…
Issuers and acquirers can now clear card transactions in regulated stablecoins on Arbitrum, Base, Canton, Ethereum, Polygon, Solana, Tempo and XRPL, with ARQ, CBW Bank, Cross River, Lead Bank and Nuvei lined up as the first adopters in the US and Latin America.
