CoinScoopMastercard and SoFi Bank launch SoFiUSD settlement for card programs
SoFi Bank and Mastercard have launched SoFiUSD settlement for the bank's debit and credit card programs. The migration is currently underway, and SoFi projects an annualized card-program volume exceeding $25 billion following the full transition. The system allows merchants to receive dollars in bank accounts without holding the token.
Summaries are written by AI from the original article. Not investment advice.