Mastercard Enables RLUSD Across Blockchain Networks

Table of Contents Mastercard has expanded its settlement infrastructure to support several dollar-backed stablecoins across multiple blockchain networks. The company confirmed that partners can now settle transactions using RLUSD, USDC, PYUSD, USDG, USDP, and SoFiUSD. The update reflects Mastercard’s effort to integrate digital assets into its existing global payments network. Mastercard confirmed that Ripple’s RLUSD will operate across supported networks including XRPL and Ethereum. The company also enabled settlement on Solana, Arbitrum, and Base for approved stablecoins. As a result, merchants and partners can process transactions using blockchain-based dollars within Mastercard’s framework. RLUSD has drawn attention due to Ripple’s presence in cross-border payment infrastructure. Mastercard included RLUSD alongside other established dollar-backed tokens within its settlement expansion. The company stated that it seeks to provide infrastructure access without favoring a single issuer. Raj Dhamodharan, executive vice president of Blockchain and Digital Assets, addressed the development. He said, “The next phase of stablecoin adoption is about real-world utility, especially in settlement.” He added that Mastercard is expanding liquidity management options across its global network. The executive explained that intraday and weekend settlement options are now available. He stated that partners can manage liquidity in an always-on digital economy. He also emphasized that Mastercard maintains trust, resilience, and safeguards across its services. Mastercard confirmed support for Circle’s USDC and Paxos-issued PYUSD, USDG, and USDP. The company also included SoFiUSD within its broader stablecoin settlement framework. These tokens are linked to the US dollar and operate across public blockchain networks. The firm said it has built this capability through its Multi-Token Network platform. The Multi-Token Network aims to connect traditional financial institutions with digital asset infrastructure. Mastercard previously outlined collaborations involving Binance, Ripple, and PayPal under this initiative. In March, Mastercard announced the $1.8 billion acquisition of payments firm BVNK. The acquisition formed part of its plan to expand digital asset payment services. Mastercard stated that it continues to prioritize regulatory compliance and security standards. The company said that stablecoins can enable near-instant settlement compared to legacy correspondent systems. It also stated that lower transaction costs and faster processing times support cross-border use cases. Mastercard confirmed that its expanded stablecoin settlement capabilities are now live across supported partners. Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.