Mastercard goes all-in on stablecoin settlements — accumulate Circle and crypto payment stocks
Mastercard just announced that it will allow transactions to be settled using several major stablecoins, including USDC, PYUSD, and RLUSD. This means crypto is becoming more integrated into everyday card payments.
Idea
Mastercard's move to settle payments directly in stablecoins is a massive stamp of approval for the crypto industry. Circle, the company behind USDC, is the direct beneficiary here because wider usage means more of their stablecoin circulating in the real economy. While Bitcoin has been crashing, utility tokens tied to actual payment infrastructure offer a different, more grounded growth story. As traditional finance giants normalize stablecoins, companies providing the underlying technology are poised to see sustained upward momentum.