SoFi Technologies And Mastercard Announce Launch Of Stablecoin Settlement With SoFiUSD On Mastercard’s Global Payments Network
As part of the launch, SoFi Bank is migrating its entire $25 billion card program to stablecoin settlement of transactions using SoFiUSD, the first stablecoin issued by a nationally chartered bank. Transactions are live
SoFi created a new digital money called SoFiUSD. It is now used to settle card payments on Mastercard's network, which could help SoFi move money faster and cheaper.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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