Fintech company SoFi has introduced card settlement support for its stablecoin, SoFiUSD, on the Mastercard network, according to Techub, which cited Crypto Briefing. The company said the feature is designed to improve transaction efficiency. SoFi also expects the service to handle more than $25 billion in stablecoin transactions on an annual basis. The update centers on payment settlement infrastructure tied to Mastercard’s network and marks a new use case for SoFiUSD in card-based transaction flows. No additional rollout details were disclosed in the source item.
Fintech company SoFi has launched card settlement support for its stablecoin SoFiUSD on the Mastercard network, according to Techub, citing Crypto Briefing.
SoFi said the feature is intended to improve transaction efficiency. The company expects it to process more than $25 billion in stablecoin transactions per year.
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