Mastercard expands on-chain settlement, betting on stablecoins and 24/7 finance

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Golden Finance reports that on June 3rd, according to CoinDesk, Mastercard is expanding its settlement network to support regulated stablecoins, planning to offer stablecoin settlement, intraday settlement, and settlement services on weekends and holidays to meet the demand for real-time fund flow. The new framework will operate alongside the existing fiat settlement process, aiming to provide financial institutions with more flexible liquidity management. Mastercard will initially support Circle's USDC, Paxos-issued PYUSD, USDG and USDP, Ripple's RLUSD, and SoFiUSD, covering blockchain networks such as Ethereum, Solana, Polygon, Base, Arbitrum, and XRPL. Financial institutions like Cross River, Lead Bank, CBW Bank, ARQ, and Nuvei will be the first participants.
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