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.

Coinone said on April 14 it will support promotions to expand access to USDC. The decision followed a management meeting between Coinone and Circle. The two companies met at Coinone’s headquarters in Yeouido and discussed cooperation measures to develop South Korea’s digital asset ecosystem, as well as the role of stablecoin infrastructure with reliability and transparency. Coinone plans to roll out campaigns and promotional programs, including airdrop events, for USDC traders and holders.