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September 22, 2026 12:09 pm
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SoFi Bank has begun using its in-house stablecoin, SoFiUSD, to settle Mastercard debit and credit card transactions, The Block reported. SoFiUSD is redeemable one-to-one for the U.S. dollar, with reserve assets made up mostly of cash, and currently supports the Ethereum and Solana networks.