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  1. SoFi and Mastercard are partnering to offer financing solutions for Small to Medium Businesses (SMBs).

SoFi Shifts Card Program to Mastercard Network for Stablecoin Settlement

3 reports, 3 independent Updated Fri 00:00
No new developments lately Reached 2 outlets in its first 24 hours
Reports
3
Developments
2
Repetition
67%

New informationRepeats or wire copies

AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 2 outlets

SoFi confirmed that its stablecoin partnership with Mastercard is fully operational and handling real transactions. The company's debit and credit card program, which manages over $25 billion in annualized volume, has shifted to Mastercard's global payment network using its bank-issued stablecoin. This makes SoFi the first nationally chartered U.S. bank to go live with stablecoin settlement across the Mastercard network, utilizing a public, permissionless blockchain for routing.

From investors.com, 247wallst.com

Why it matters

Some supportBrind's analysis of the reports

The successful operational shift validates the infrastructure for the companies involved. The partnership is part of a larger collaboration between SoFi and Mastercard to offer financing solutions for Small to Medium Businesses (SMBs). The move leverages the companies' existing relationships within the global payment ecosystem.

SoFi and Mastercard are partnering to offer financing solutions for Small to Medium Businesses (SMBs).

From investors.com

Who's involved

  • SoFiAmerican financial services company whose card program shifted to the partner network.
  • MastercardMultinational financial services corporation whose network is utilized for stablecoin settlements and card program processing.

How it developed

Newest first. Tap a step to see who reported it.
  1. SoFi utilizes Mastercard's global network for stablecoin settlement.Sub-event
  2. SoFi operational shift to Mastercard network.1 source

Keep exploring

Part of

SoFi and Mastercard are partnering to offer financing solutions for Small to Medium Businesses (SMBs). All 1 developments

The entities involved

Coverage

Newest first; wire copies grouped