Mastercard is Using a Bank-Issued Stablecoin to Settle Card Transactions on Ethereum
SoFi Technologies and Mastercard announced a partnership enabling SoFiUSD to serve as a settlement currency across Mastercard’s global payments network, marking the first time a stablecoin issued by a US nationally chartered FDIC-insured bank has been used for global network settlement on a public blockchain. What the Partnership Does The mechanics are straightforward.
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