SoFi launches stablecoin card settlement on Mastercard, projecting over $25 billion a year
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- SOFID
SoFi has started using stablecoin settlement on Mastercard for debit and credit card transactions between institutions. The arrangement keeps merchants and cardholders on existing payment systems while SoFi projects more than $25 billion a year in transaction volume.
Key claims & sources
What it means
Users and merchants notice this in the payment flow, because card spending can still run through the same systems while settlement moves behind the scenes between institutions. That means day-to-day card use stays familiar even as the settlement method changes for the parties handling the transfer. (per tokenpost.com)
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Has this happened before?
| When | What happened | Figure |
|---|---|---|
| 38 days ago | Open USD Stablecoin Goes Live as Stripe, Visa and Mastercard Open It to Businesses event | 1 actors in common · 5 news media |
| 38 days ago | Open USD takes on Tether, Circle with a different stablecoin model that's 'building money' event | 1 actors in common · 5 news media |