SoFi starts settling card payments using its SoFiUSD stablecoin
SoFi says it is settling debit and credit card transactions using its dollar-backed stablecoin SoFiUSD via Mastercard, calling it the first program of its kind for a U.S. bank.
S. bank. All debit- and credit-card transactions will be settled using SoFiUSD, its dollar-backed stablecoin, over Mastercard's payments network.