SoFi Technologies has partnered with Mastercard to enable its U.S. dollar stablecoin, SoFiUSD, as a payment settlement option across Mastercard's global network. This historic collaboration positions SoFiUSD as the first stablecoin issued by a nationally chartered bank to utilize public blockchain technology. The partnership aims to streamline transactions 24/7, with potential implications for increased adoption of bank-issued stablecoins and expanded interest from other financial giants in partnering with SoFi.
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