SoFi will enable settlement in its bank-issued SoFiUSD stablecoin across Mastercard’s global network, allowing issuers and acquirers to clear card transactions using a 1:1 cash-backed digital dollar.
SoFi selected BitGo to power SoFiUSD, a dollar-pegged stablecoin issued by SoFi Bank, as US companies expand infrastructure for regulated digital dollars.