SoFi Moves $25 Billion Mastercard Program Onto Stablecoin Rails

Crypto Insight Summary: Mastercard welcomed SoFi on Tuesday as the first nationally chartered bank to begin settling card transactions with stablecoins via the financial giant’s network. SoFi will use stablecoin settlement for its entire card program, which is expected to process $25 billion annually. SoFi Makes Major Stablecoin Move SoFi has become the first nationally chartered bank to […] Crypto Insight Analysis: Direction: Bullish USDC / Bullish USDT Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Stablecoin adoption by major financial institutions boosts demand and credibility.