SoFi Partners With Mastercard to Enable SoFiUSD Stablecoin Settlement

SoFi and Mastercard Partner to Enable SoFiUSD Stablecoin Settlement for Faster Global Payments

SoFi Technologies and MasterCard have forged a groundbreaking partnership to introduce SoFiUSD, the first stablecoin issued by a US nationally chartered bank. This stablecoin will be used as a settlement option within the expansive MasterCard payments network worldwide. Announced on March 3, 2026, the collaboration marks the first time that a stablecoin has been used for settlement at a major card network by a U.S. Chartered Bank. This is a sign…

Mastercard Goes Crypto: SoFiUSD Now Powers Global Card Payments 24/7!

There is a big collaboration between SoFi and Mastercard. They will enable banks to pay or accept cards in the SoFiUSD stablecoin. With this system, settlements are made 24 hours a day. Banks are no longer required to wait until normal clearing hours. This is one of the features that Mastercard will incorporate in its international network. The system retains its current infrastructure with the introduction of blockchain efficiency. The initiati…

SoFi and Mastercard to Explore SoFiUSD Stablecoin Settlement

SoFi and Mastercard have partnered to explore using SoFiUSD to settle transactions across the company’s global payments network. The companies will examine how card issuers and acquirers could settle card transactions using SoFiUSD, SoFi’s fully reserved U.S. dollar stablecoin, enabling faster settlement for use cases such as cross-border remittances and business-to-business payments. SoFiUSD is issued by SoFi Bank, N.A., a nationally chartered …

Mastercard stock price ticks up after hours on SoFi stablecoin settlement plan — what MA investors watch next

Mastercard shares rose 0.6% to $524.32 in after-hours trading after the company announced it will work with SoFi to explore settling card transactions using the SoFiUSD stablecoin. The move comes as payments firms seek faster settlement methods. Investors are awaiting Mastercard’s March 4 appearance at Morgan Stanley’s TMT conference for further updates. The post Mastercard stock price ticks up after hours on SoFi stablecoin settlement plan — wh…

Mastercard Expands Stablecoin Push, Adds SoFiUSD as Settlement Option for Issuers

SoFi Technologies has partnered with Mastercard to enable settlement of card transactions using its dollar-backed stablecoin, SoFiUSD, across Mastercard’s global payments network. The agreement allows issuers and acquirers to settle credit and debit transactions using a bank-issued digital dollar integrated directly into traditional payment rails. Under the arrangement, SoFi Bank N.A. intends to settle its own Mastercard credit and debit transac…

Mastercard is Using a Bank-Issued Stablecoin to Settle Card Transactions on Ethereum ETHNews

SoFi Technologies and Mastercard announced a partnership enabling SoFiUSD to serve as a settlement currency across Mastercard’s global payments network, marking the first time a stablecoin issued by a US nationally chartered FDIC-insured bank has been used for global network settlement on a public blockchain. What the Partnership Does The mechanics are straightforward. When a card transaction runs through Mastercard’s network, settlement traditi…