SoFi taps Mastercard to settle card payments in SoFiUSD stablecoin — here’s what changes
SoFi and Mastercard will allow SoFiUSD, a U.S. dollar stablecoin, to settle payments on Mastercard’s global network. SoFi Bank and Galileo are set to be among the first to use the stablecoin for card settlements. The move follows Visa’s own stablecoin-linked card expansion with Bridge. SoFi shares rose 0.5% in premarket trading to $18.70.