SoFi has launched its stablecoin settlement on the Mastercard network, enabling merchants to accept the SoFiUSD stablecoin as payment. This integration is a significant step for SoFi's card program, which is expected to exceed $25 billion in annualized volume. The SoFiUSD stablecoin is a digital dollar pegged to the US dollar, providing a low-fee alternative to traditional payment methods. The integration with Mastercard's network will allow SoFi's cardholders to make seamless transactions with merchants who accept the stablecoin.
Source
"SoFi Launches Stablecoin Settlement on Mastercard Network" — The Block
This article is Bitcoincryptos' summary and analysis of reporting originally published by The Block. Read the full original report at the link above.
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