SoFi Moves $25 Billion Mastercard Program Onto Stablecoin Rails
Key Highlights SoFi becomes the first nationally chartered U.S. bank to settle debit and credit card transactions via blockchain on Mastercard’s global network, processing an estimated $25 billion annually through its SoFiUSD stablecoin. SoFiUSD is backed primarily by cash reserves, redeemable 1:1 for U.S. dollars, and overseen by the Office of the Comptroller of the ...