TREE NEWS update: SoFi has gone live with SoFiUSD stablecoin settlement on Mastercard’s network, the company said. Its card program is targeting more than $25 billion in annualized volume. The launch puts a bank-issued stablecoin into live card-rail settlement, with SoFiUSD used to move funds on Mastercard’s network.
SoFi launches SoFiUSD stablecoin settlement on Mastercard network
AI take
The notable part is not another stablecoin but where it sits: a bank-issued token settling on an established card network, which pushes stablecoins from trading venues toward everyday payment plumbing. That matters most for card networks, banks weighing similar moves, and the settlement layers they currently rely on. Whether other bank issuers follow into live card-rail settlement, and how regulators treat that overlap, is the open question worth watching.
Generated by AI for reference only.
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