Search results for SoFiUSD
Crypto
Mastercard, SoFi team up to introduce stablecoin in card settlement process
Mastercard has begun a test to introduce stablecoins into the settlement process that follows card payments. It is working with U.S. financial services company SoFi Technologies to settle card transactions using a regulated digital dollar, SoFiUSD. The pilot keeps the consumer payment experience unchanged and applies blockchain-based assets only to the interbank settlement stage. SoFi Bank plans to settle Mastercard credit and debit transactions in SoFiUSD, supported by Galileo Financial Technologies.
Crypto
SoFi launches Big Business Banking to manage fiat and crypto on single regulated platform
Fintech company SoFi has launched Big Business Banking, a corporate banking platform that handles fiat-currency and crypto operations within a single regulatory system. Businesses can hold deposits, transfer funds and run 24-hour trade settlement in traditional currencies and digital assets. The platform runs through SoFi Bank and offers regulated banking services alongside blockchain-based payment and settlement rails, including SoFiUSD, selected cryptocurrencies and tools to convert between fiat and digital assets.
AI & Enterprise
BitGo launches institutional stablecoin minting and redemption service
BitGo has launched a service that allows institutional clients to mint, redeem and manage stablecoins and other digital assets, The Block reported on April 2. The service will initially support minting and redemption for World Liberty USD1 and SoFiUSD issued by SoFi Bank. SoFi Bank is an FDIC-insured depository institution regulated by the U.S. Office of the Comptroller of the Currency.
