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SoFi and Mastercard Launch FDIC-Insured Stablecoin for Global Payments

SoFi and Mastercard Launch FDIC-Insured Stablecoin for Global Payments

Author:

Global Cryptocurrency

Published:

2026-03-03 15:07:01

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BTCCSquare news:

SoFi has become the first U.S. nationally chartered bank to issue a stablecoin on a public blockchain, partnering with Mastercard to enable global payment settlements using SoFiUSD. Launched in December 2025, the cash-backed stablecoin targets businesses, cross-border remittances, and B2B transactions with 24/7 instant settlement.

SoFi CEO Anthony Noto positioned the MOVE as a leap toward faster, cheaper payments, while Mastercard emphasized its integration of regulated digital currency with existing infrastructure. The collaboration arrives amid $30 billion in daily stablecoin volume, signaling growing institutional adoption of blockchain-based settlement solutions.

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