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SoFi Brings SoFiUSD Stablecoin Live on Mastercard Network, Card Program Targets $25B in Annual Transaction Volume
Blockchain

SoFi Brings SoFiUSD Stablecoin Live on Mastercard Network, Card Program Targets $25B in Annual Transaction Volume

SoFi's proprietary stablecoin SoFiUSD has officially gone live for settlement on the Mastercard network, with the card program's annualized transaction volume expected to top $25 billion — embedding stablecoins directly into mainstream clearing infrastructure.

SoFi joins hands with Payward, bank settlement network officially connected to Kraken digital asset infrastructure
Blockchain

SoFi joins hands with Payward, bank settlement network officially connected to Kraken digital asset infrastructure

Financial technology company SoFi Technologies has reached a cooperation with Kraken's parent company Payward to connect the two parties' bank settlement networks and digital asset infrastructure online, but the specific timetable and service scope have not yet been announced.