Mastercard and SoFi partnered to settle SoFiUSD across Mastercard’s global network. SoFiUSD is a U.S. dollar-backed stablecoin.
SoFi Bank, N.A. and Galileo platform clients will use the stablecoin for transaction settlement.
The move integrates digital assets into traditional payment infrastructure. The partnership expands settlement options and supports Mastercard’s digital payment strategy.