The payments company said programmable, always-on settlements are now live on Stellar, extending card settlement availability beyond standard banking hours using regulated stablecoins.
Mastercard said it has expanded card settlement capabilities to support intraday settlements on weekends and holidays using regulated stablecoins. The company also said programmable, always-on payments are now live on Stellar, a blockchain network. The move points to an effort to make settlement more continuous outside traditional banking windows, using stablecoins designed to maintain a fixed value and blockchain-based payment rails that can operate around the clock.