Cryptocurrencies How Mastercard Plans To Process Card Payments Through Stablecoins
CoinSpot
"Mastercard is integrating stablecoins into card settlements. Banks will be able to use digital dollars like SoFiUSD. A partnership with SoFi Technologies will allow SoFi Bank to settle in SoFiUSD. The Galileo platform will open up this model to other banks and fintech companies as well. This is specifically about the post-payment settlement stage. Nothing will change for users—they will continue to pay with cards as usual. But the settlements between banks may go through blockchain and digital assets. Using its Multi-Token Network, Mastercard plans to support various forms of tokenized money, including stablecoins, tokenized deposits, and digital equivalents of fiat currencies."
