SoFi Becomes First U.S. Bank to Settle Card Payments on Stablecoin — Barrons.com
By Ty RoushSoFi Technologies started settling card transactions using its own stablecoin on Tuesday, a program the company says is the first of its kind for a U.S. bank.All debit- and credit-card transactions will be settled using SoFiUSD, its dollar-backed stablecoin, over Mastercard's payments net