Original sourceForkastAdditional: Finviz
Summary
SoFi became the first national bank to settle in stablecoins on Mastercard's global payment network, described as the first case of a bank-issued stablecoin settling on a major card network. This means banks no longer have to process card network transactions only through traditional fiat clearing…
Key points
- It pulls stablecoins from an investment topic back to the payment infrastructure layer, giving those watching card networks and cross-border settlement a real-world case study.
- A bank-issued stablecoin settling on a major card network signals stablecoins entering the core of regulated payments.
- Payment firms and merchants can begin assessing the cost advantages of stablecoin settlement for cross-border and instant payouts, while confirming whether their clearing and compliance processes can keep up.
Editorial note
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