SoFi and Mastercard partner to enable SoFiUSD settlement across Mastercard's global payments network
United States, March 4 -- SoFi Technologies, Inc. announced an enhanced partnership with Mastercard to enable SoFiUSD as a settlement option across Mastercard's global payments network. SoFiUSD, the company's fully reserved U.S. dollar stablecoin, is the first stablecoin offered by a U.S. nationally chartered and insured deposit bank on a public, permissionless blockchain. Together, the companies will explore how issuers and acquirers can settle card-based transactions with Mastercard using SoFiUSD, enabling fast settlement options for Mastercard customers and unlocking faster money movement for use cases such as cross-border remittances and B2B money transfers. SoFiUSD is also expected to be supported across the Mastercard Multi-Token Netw...
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