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.
Wirex launched Wirex Agents, a non-custodial infrastructure layer that enables AI agents to autonomously create stablecoin cards, open virtual accounts, and execute financial transactions on-chain. The platform allows AI systems to manage financial workflows including subscription operations and payout routing without human intervention.
SoFi partners with Mastercard to integrate its SoFiUSD stablecoin for global settlement operations. The stablecoin, announced in late 2023, is built on a public, permissionless blockchain infrastructure.
Colossus is developing KYC-less crypto payment cards using an Ethereum layer-2 solution, aiming to compete with traditional payment processors Visa and Mastercard. The project is being developed by a small team of four with what they describe as a 'box of goodies' to challenge the incumbent payment infrastructure.
