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October 8, 2026 11:06 am
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U.S. bank SoFi Bank has begun settling card transactions on Mastercard’s global payments network using its in-house stablecoin, SoFiUSD, Crypto Briefing reported. Since Sept. 22, SoFi has been settling debit and credit card program transactions in SoFiUSD and expects the program’s annual processing volume to exceed $25 billion.