SoFi Becomes First National Bank to Go Live with Stablecoin Settlement across Mastercard’s Global Payments Network
Business Wire
"SoFi Technologies, Inc. and Mastercard announced that stablecoin settlement is now live across SoFi Bank, N.A.’s debit and credit card program, bringing stablecoin settlement through SoFiUSD, issued by a federally regulated bank, to Mastercard’s global payments network following the companies’ partnership announced in March. As part of the launch, SoFi Bank is migrating its entire $25 billion card program to stablecoin settlement of transactions using SoFiUSD. Transactions are live on the blockchain today."
