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‘Crypto Hurdle’ Solved: SoFi Is First Bank Deploying Stablecoin Settlement Across Mastercard Network

‘Crypto Hurdle’ Solved: SoFi Is First Bank Deploying Stablecoin Settlement Across Mastercard Network

The story here is structural. SoFi Technologies (NASDAQ:SOFI | SOFI Price Prediction) said this morning it has become the first nationally chartered U.S. bank to go live with stablecoin settlement across the Mastercard (NYSE:MA) global payments network, migrating its entire…

The story here is structural. SoFi Technologies (NASDAQ:SOFI | SOFI Price Prediction) said this morning it has become the first nationally chartered U.S. bank to go live with stablecoin settlement across the Mastercard (NYSE:MA) global payments network, migrating its entire $25 billion card program to settle in SoFiUSD (CRYPTO:SOFIUSD), the dollar-pegged token SoFi began minting earlier this year. SoFi shares ticked up to $17.14, a 1% intraday gain against a…

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