Here's How Mastercard's SoFi Deal Expands Its Stablecoin Opportunity

Mastercard is expanding its stablecoin capabilities by partnering with SoFi to settle debit and credit card transactions using SoFiUSD on its network. SoFi's card program is expected to process over $25 billion in annualized volume, with transactions already live on the blockchain. The partnership positions Mastercard to strengthen its role in connecting traditional finance with digital assets, while also exploring cross-border payments and remittances. Competitors Visa and PayPal are similarly expanding their stablecoin platforms.