SoFi, Mastercard Launch Stablecoin Settlement Using SoFiUSD Following Ripple’s RLUSD

SoFi Technologies and Mastercard launched stablecoin settlement for SoFi Bank's debit and credit card programs, using SoFiUSD on Mastercard's global payments network. This follows support for Ripple's RLUSD and Circle's USDC. SoFi becomes the first bank to enable stablecoin settlement, expanding digital currency use in everyday payments.