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SoFi's technology platform expected to extend SoFiUSD settlement to other banks

SoFi Bank's debit and credit card program, worth more than $25 billion in annualized volume, now settles on Mastercard's network using SoFiUSD, a stablecoin the bank itself issues. It's the first time a nationally chartered bank has put stablecoin settlement live on a major card network.

Updated 1 hour ago