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SoFi partners with Mastercard to integrate the stablecoin SoFiUSD into the global payment network
By: rootdata|2026/03/04 09:43:57
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American digital bank SoFi has announced a strategic partnership with Mastercard to integrate SoFi's stablecoin SoFiUSD into Mastercard's global payment network and its digital asset platform, Mastercard Multi-Token Network (MTN). SoFiUSD is built on a public, permissionless blockchain and was first announced by SoFi at the end of last year.
Sherri Haymond, Mastercard's Global Digital Commerce Lead, stated that this collaboration aims to expand the global application scale of trusted digital currencies. SoFi had resumed its cryptocurrency trading services last November after previously suspending related operations in 2023 due to regulatory uncertainties.
This partnership is also the latest move by Mastercard to continue its blockchain strategy. In June of last year, Mastercard partnered with Chainlink to allow cardholders to purchase cryptocurrencies directly on-chain.
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