CoinScoopSoFi enables SoFiUSD stablecoin settlement on Mastercard network
SoFi has begun using its SoFiUSD stablecoin to settle debit and credit card transactions on the Mastercard network. The company plans to migrate its entire card program to blockchain settlement, with an expected annualized volume exceeding $25 billion. SoFi claims to be the first bank to launch stablecoin settlement on the Mastercard network.
Summaries are written by AI from the original article. Not investment advice.