SoFi and Mastercard partner to enable SoFiUSD settlement across Mastercard’s global payments network

Reuters03-03
SoFi and Mastercard partner to enable SoFiUSD settlement across Mastercard’s global payments network

Mastercard and SoFi Technologies have expanded their partnership to enable SoFiUSD, SoFi’s fully reserved U.S. dollar stablecoin, as a settlement option across Mastercard’s global payments network. The companies will explore using SoFiUSD to settle card transactions for issuers and acquirers, support the stablecoin on the Mastercard Multi-Token Network, and allow SoFi Bank and Galileo clients to choose SoFiUSD for transaction settlement, aiming to speed up money movement including cross-border and B2B payments.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MasterCard Inc. published the original content used to generate this news brief on March 03, 2026, and is solely responsible for the information contained therein.

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