Mastercard (MA) is establishing itself as an enabler by leveraging its global reach and diverse services to stay deeply integrated in the payment processes for both agentic commerce and stablecoins, RBC Capital Markets said in a note Monday.

The company has launched Agent Pay to facilitate agentic payments and is upgrading its platforms for B2B agents to potentially drive increased spending on commercial cards, according to the note.

Mastercard is also enabling stablecoin spending through Mastercard Move, which can convert fiat to stablecoin or stablecoin to fiat during the transaction, and using its Multi-Token Network to offer interoperability between off- and on-chain assets, RBC said.

"As of now, the company appears to be ahead of the curve on both emerging technology trends, and gives us confidence that it will be a likely beneficiary of both agentic commerce and stablecoin," RBC analysts said.

The firm maintained its outperform rating on the stock, with a price target of $650.

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