SoFi begins SoFiUSD stablecoin card settlement on Mastercard network
SoFi started settling debit and credit card transactions using its SoFiUSD stablecoin on Mastercard’s global payments network as it migrates its entire card program to blockchain-based settlement. The program is expected to exceed $25 billion in annualized volume, according to TradingView News.
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12:01:23 PM UTC
SquawkNews
SoFi Technologies, Inc. (NASDAQ: SOFI) and Mastercard (NYSE: MA) today 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 netwo…
SoFi has started settling debit and credit card transactions with its SoFiUSD stablecoin on Mastercard’s global payments network, as the bank moves its entire card program to blockchain-based settlement. The program is expected to process more than $25 billion in annualized volume, according to the source.