SoFi Launches SoFiUSD Stablecoin Settlement on Mastercard

SoFi Technologies and Mastercard have launched stablecoin settlement across SoFi Banks debit and credit card program, integrating the bank-issued SoFiUSD stablecoin with Mastercards global payments network. SoFi said on September 22 that it is migrating its entire $25 billion card program to stablecoin settlement using SoFiUSD. The rollout makes SoFi Bank the first national bank to go live with stablecoin settlement across Mastercards network. The initiative allows card issuers, acquirers and merchants to use stablecoins for settlement and liquidity management while continuing to operate…  Read more

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