News Summary

• Mastercard is expanding its settlement network to support regulated stablecoins.
• The company plans to offer stablecoin, weekend and holiday settlement as demand grows for real-time movement of money.
• Stablecoins have long been used primarily for crypto trading, but banks, payment firms and asset managers are increasingly viewing them as settlement assets that can move money instantly across borders and outside traditional banking schedules.
• Several financial institutions, including Cross River, Lead Bank, CBW Bank, ARQ and Nuvei, are expected to be among the first participants supporting stablecoin settlement in the u.s. and Latin America.