Mastercard to introduce stablecoins for card payment settlement

Mastercard is introducing stablecoins into its settlement system, a core component of its traditional credit card payment network, Cointelegraph reported. The company officially announced it will expand its payment infrastructure to allow card issuers and acquirers to use stablecoins for settling transactions. This will enable global payment settlements, previously restricted to banking business days, to be processed in real-time around the clock, including on weekends and holidays.