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Mastercard adds SoFiUSD as settlement option for card issuers
🤖AI Summary
Mastercard has integrated SoFi's cash-backed stablecoin SoFiUSD as a settlement option for card issuers across its global payments network. This partnership allows Mastercard issuers to settle card transactions using the SoFiUSD stablecoin instead of traditional fiat currencies.
Key Takeaways
- →Mastercard adds SoFiUSD stablecoin as a new settlement option for card issuers on its global network.
- →SoFiUSD is a cash-backed stablecoin that can now be used for card transaction settlements.
- →This integration expands stablecoin utility in mainstream payment processing infrastructure.
- →The move represents continued adoption of digital assets by major payment processors.
- →Card issuers now have an alternative to traditional fiat settlement methods through SoFiUSD.
Read Original →via CoinTelegraph
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