SoFi Launches SoFiUSD Stablecoin Settlement on Mastercard

SoFi Technologies and Mastercard launched stablecoin settlement across SoFi Banks debit and credit card program, integrating the bank-issued SoFiUSD stablecoin with Mastercards global payments network. SoFi said on September 22 it is migrating its entire $25 billion card program to stablecoin settlement, making SoFi Bank the first national bank to go live with stablecoin settlement across Mastercards network.