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4 sourcesTracking since 22 Sept, 12:00

SoFi begins settling Mastercard card transactions with its SoFiUSD stablecoin

In brief

SoFi has begun using its SoFiUSD stablecoin to settle card transactions on Mastercard’s global network. The arrangement covers SoFi’s entire card program, which is expected to process about $25 billion annually.

Summary written by HeraldLoop from 4 sources · updated 8h ago

What changed

  1. 22 Sept, 12:00SoFi begins stablecoin settlement on Mastercard network for program expected to exceed $25 billion in annualized volume · The Block
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How outlets framed it

Mastercard4 sources
25% favorable (1)75% neutral (3)0% critical (0)

favorable: Bitcoin.com News.

Show how each outlet framed it
SoFi4 sources
25% favorable (1)75% neutral (3)0% critical (0)

favorable: Bitcoin.com News.

Show how each outlet framed it

One source, one vote (its latest article in the story). Only labels with confidence ≥ 0.6 are shown; the quote is the evidence.

Chronological coverage

  1. 22 September
  2. Latest22 Sept, 23:43

    SoFi Moves $25 Billion Mastercard Program Onto Stablecoin Rails

    Mastercard welcomed SoFi on Tuesday as the first nationally chartered bank to begin settling card transactions with stablecoins via the financial giant’s network. SoFi will use stablecoin settlement for its entire card program, which is expected to process $25 billion annually. SoFi Makes Major Stablecoin Move SoFi has become the first nationally chartered bank to […]

    favorable toward Mastercardfavorable toward SoFi
    Bitcoin.com NewsBitcoin.com News•Andrew Hayward
  3. Follow-up22 Sept, 14:42

    SoFi moves $25 billion card program to SoFiUSD settlement on Mastercard

    SoFi Technologies has moved its entire $25 billion card program to blockchain based settlement using SoFiUSD as its bank issued stablecoin goes live across Mastercard’s global payments network. According to a joint announcement from SoFi and Mastercard on Sept. 22,…

    Crypto.newsCrypto.news•Rony Roy
  4. Follow-up22 Sept, 12:18

    SoFi and Mastercard launch stablecoin settlement across $25 billion card program

    SoFi's stablecoin settlement with Mastercard could revolutionize financial transactions, offering faster, 24/7 processing and reducing costs.

    CryptoBriefingCryptoBriefing•Editorial Team
  5. First seen22 Sept, 12:00

    SoFi begins stablecoin settlement on Mastercard network for program expected to exceed $25 billion in annualized volume

    SoFi launches live SoFiUSD stablecoin settlement on Mastercard's network, with its card program targeting $25 billion in annualized volume.

    The BlockThe Block•James Hunt