- In the latest announcement, Mastercard has announced its plan to increase its integration with the XRP Ledger (XRPL) in order to enhance support for settlement capabilities.
- The company has introduced intraday, weekend, and holiday settlement capabilities for regulated stablecoins.
- Mastercard will provide support for popular regulated stablecoins such as USDC, PYUSD, RLUSD, and others across various blockchains.
On June 3, Mastercard, the leading payment company, announced that it is increasing settlement options by integrating its connections with various blockchain networks like XRP Ledger (XRPL).
The main purpose of this announcement is to introduce settlements that can be executed at any time of day. This integration will support money transfers that need to be executed on the same day.
Mastercard’s Master Plan for Always-On Payments
According to the press release, the leading payment network will add new settlement options. By using these new options, users will be able to process transactions on the same day, be it a weekend, or a holiday.
These options will provide support for both traditional fiat currencies and stablecoins. Stablecoins are digital assets pegged to underlying assets like USD, which are issued on the blockchain network. Amid positive regulatory developments in the U.S., the Fintech sector is rushing to integrate this blockchain-based digital asset.
By expanding new capabilities, Mastercard’s partner will be able to handle their cash transactions in a better way. It will give them a flexible option to settle transactions. Also, there will be no disruption to the existing system.
Raj Dhamodharan, executive vice president, Blockchain & Digital Assets at Mastercard, stated in the press release, “The 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’re expanding how partners manage liquidity and operate in an always-on digital economy while maintaining the trust, resilience, and safeguards they expect from Mastercard.”
Jack McDonald, senior vice president, Stablecoins, Ripple, said that, “Mastercard’s move into on-chain settlement is a landmark validation that blockchain technology is ready for the world’s most critical payment infrastructure. RLUSD’s inclusion in Mastercard’s global settlement network reflects growing demand for trusted, regulated stablecoins built for real-world financial use cases on public blockchains like the XRP Ledger.”
This initiative will help Mastercard’s partners to manage their money in more effective ways by giving them more options to settle their transactions. During this, it will not affect existing processes. The new options are created for various use cases, including cross-border payments, treasury operations, and payouts.
According to the official announcement, Mastercard will integrate support for popular regulated stablecoins, such as Circle’s USDC, Paxos-issued PYUSD, USDG, USDP, Ripple’s RLUSD, and SoFiUSD.
The platform will leverage various blockchains to boost stablecoin operations, including Ethereum, Solana, Polygon, Base, Arbitrum, Canton, Tempo, and XRP Ledger.
Kash Razzaghi, chief commercial officer, Circle, said, “Mastercard’s expanded settlement capabilities help meet that need, offering greater choice in how value is transferred and settled. We’re proud to support these efforts through USDC and help advance the use of regulated stablecoins in global payments.”
Stablecoin Soars Above $320 Billion: Visa, PayPal, CashApp Lead Adoption
After the approval of the GENIUS Act in 2025 and the ongoing development of the CLARITY Act, the overall stablecoin market has witnessed impressive growth. The overall market capitalization of stablecoins has soared to around $320 billion, according to DeFiLIama.
According to Visa’s official report, the annual transaction volume soared above $33 trillion in 2025, which was more than the transactions recorded by major card networks such as Visa and Mastercard.
Major financial companies are integrating stablecoins to enhance their digital payments, cross-border transactions, and other services. Visa has also expanded its stablecoin settlement platforms to work on various blockchain networks, including Ethereum, Solana, Stellar, and Avalanche. Visa is also supporting stablecoins such as PYUSD and USDG. PayPal has rolled out its own stablecoin, PYUSD, which allows users to send and receive anywhere in the world. Cash App, a platform owned by Block, has recently announced that it is adding support for USDC across various blockchains.
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