Mastercard Enables SoFiUSD Stablecoin Settlements on Its Global Multi-Token Network
Mastercard has enabled SoFi’s fully reserved U.S. dollar stablecoin, SoFiUSD, as an option for settling card transactions across its global payments network via the Mastercard Multi-Token Network. The move promises faster, more flexible cross-border and B2B settlements and opens new revenue opportunities from tokenized payment flows.
1. Integration of SoFiUSD into Mastercard Network
Mastercard's expanded collaboration with SoFi Technologies allows issuers and acquirers to settle card transactions using SoFiUSD, integrating the stablecoin into the Mastercard Multi-Token Network. This integration leverages blockchain rails to process fully reserved U.S. dollar settlements across Mastercard’s global infrastructure.
2. Operational Benefits for Cross-Border and B2B
By adding SoFiUSD, Mastercard can offer faster and more flexible settlement timings for cross-border payments and B2B transfers, reducing reliance on traditional banking rails. The tokenized framework enhances liquidity management and could lower transaction friction in high-volume corridors.
3. Strategic Implications for Mastercard's Revenue
Positioning the stablecoin settlement option within its established network enables Mastercard to capture emerging digital asset volumes and diversify revenue streams. Continued institutional adoption of tokenized dollars may drive incremental transaction fees and strengthen Mastercard's competitive edge.