Global payments giant Mastercard has taken another major step toward integrating blockchain into traditional finance. It announced broader settlement capabilities that now include several stablecoins, such as Ripple\u2019s RLUSD, Circle\u2019s USDC, Paxos-issued PYUSD, USDG, and USDP, and SoFi\u2019s SoFiUSD.<\/p>\n
The crypto assets linked to the US dollar will be enabled across a wide range of supported networks, such as XRPL, Solana, Ethereum, Arbitrum, and Base.<\/p>\n
The announcement from the TradFi behemoth reveals<\/a> that the company is expanding its infrastructure to allow merchants and partners to settle transactions using the aforementioned assets. This is considered a significant evolution from pilot programs into more practical, real-world applications.<\/p>\n The firm has been building out its crypto strategy through its Multi-Token Network (MTN), designed to bridge traditional finance and digital assets. Most recently, it outlined<\/a> a new collaboration that included some industry giants such as Binance, Ripple, and even PayPal.<\/p>\n Its stablecoin initiatives saw a major push in March when Mastercard announced<\/a> the acquisition of such a payments firm called BVNK for $1.8 billion.<\/p>\n RLUSD has drawn particular attention due to Ripple\u2019s strong presence in cross-border payments. However, Mastercard\u2019s announcement encompasses a wider range of established stablecoins, including USDC and PYUSD.<\/p>\n Both are already gaining traction in institutional and payments use cases, and Mastercard is attempting to position itself as a neutral infrastructure layer rather than backing a single issuer.<\/p>\n The company\u2019s latest move on the stablecoin scene comes as demand quickly grows for faster and cheaper cross-border transactions. These assets are increasingly viewed as a viable alternative to legacy correspondent-backing systems, offering near-instant settlement and lower costs.<\/p>\n Mastercard\u2019s decision to expand support signals rising confidence in their long-term role within the global financial system. In addition, the firm emphasized its commitment to regulatory compliance, security, and interoperability, which are all key requirements for institutional adoption.<\/p>\n \u201cThe next phase of stablecoin adoption is about real-world utility, especially in settlement, where timing and liquidity matter most. By introducing intraday and weekend on settlement options across our global network, we\u2019re expanding how partners manage liquidity and operate in an always-on digital economy while maintaining the trust, resilience and safeguards they expect from Mastercard,\u201d commented Raj Dhamodharan, executive vice president, Blockchain & Digital Assets at Mastercard.<\/p>\n The post Ripple\u2019s RLUSD in Focus as Mastercard Expands Stablecoin Strategy<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Global payments giant Mastercard has taken another major step toward integrating blockchain into traditional finance. It announced broader settlement capabilities that now include several stablecoins, such as Ripple\u2019s RLUSD, Circle\u2019s USDC, Paxos-issued PYUSD, USDG, and USDP, and SoFi\u2019s SoFiUSD. The crypto assets linked to the US dollar will be enabled across a wide range of […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-174169","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/174169"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=174169"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/174169\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=174169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=174169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=174169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Stablecoins\u2019 Growth<\/h2>\n