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