USDC·PYUSD·RLUSD support
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Mastercard explained that this feature covers card payments during the day, weekends, and holidays. The company stated that it will improve liquidity management and payment scheduling for partners by supporting on-chain payments using both fiat currency and regulated stablecoins.
Supported currencies included Circle's USDC and Paxos' PYUSD, USDG, and USDP. Ripple's RLUSD and SoFi's SoFiUSD were also included as payment options.
Mastercard plans to support the stablecoin on several blockchain networks, including Arbitrum, Base, Canton, Ethereum, Polygon, Solana, Tempo, and XRPL.
This expansion demonstrates the trend of stablecoins being incorporated into mainstream payment infrastructure. Mastercard secured the New York BitLicense last May, enabling its U.S. transaction services division to conduct regulated cryptocurrency business in New York State.
Mastercard announced that Ark (ARQ), DollarApp, CBW Bank, Cross River, Lead Bank, and Nuvei are expected to become initial stablecoin payment support partners in the U.S. and Latin America.
The adoption of stablecoins in the payment industry is also expanding. Visa announced that its stablecoin payment pilot recorded an annual execution rate of $7 billion (10.703 trillion KRW) in April. This represents a 50% increase compared to the previous quarter.
The stablecoin market is currently estimated at approximately $320 billion (489.28 trillion KRW). Payment providers are moving to utilize stablecoins to offer more diverse settlement methods to issuers and buyers.
The remittance industry is also increasing its use of stablecoins. MoneyGram launched MGUSD, a Stellar-based dollar stablecoin, on June 2. Western Union also unveiled the Solana-based USDPT stablecoin in May and announced plans to expand its services in 2026.
Reporter Jeong Ha-yeon yomwork8824@blockstreet.co.kr
