SoFi partners with Mastercard to enable SoFiUSD stablecoin settlement on global payment networks

Techub News reported, according to The Block, SoFi, the first nationally chartered bank in the United States to offer cryptocurrency trading, announced that it will support SoFiUSD as a settlement currency through the Mastercard global payment network. Galileo, the technology platform under SoFi, is expected to be one of the first platforms to offer SoFiUSD settlement options for its payment card customers and issuing banks. Both parties will also explore interoperability scenarios across stablecoins, fiat currencies, and tokenized assets, including programmable treasury applications and new payment fund flow models.