Mastercard Explores Stablecoin Settlement with SoFiUSD in After-Hours Market Move

Mastercard shares edged up 0.6% to $524.32 in after-hours trading as the payments giant signaled a potential collaboration with SoFi Technologies to settle card transactions using the SoFiUSD stablecoin. The MOVE defied broader market pressures, with investors betting on digital asset integration reshaping payment infrastructure.

"Our partnership with SoFi offers more flexibility for issuers and acquirers alike," said Mastercard executive Sherri Haymond, underscoring the strategic push into dollar-pegged crypto settlements. The SoFiUSD stablecoin's 1:1 dollar peg could streamline transaction processing between banks and merchants.

While Morgan Stanley analysts remain cautious about implementation timelines, the market reaction highlights growing institutional interest in bridging traditional finance with blockchain-based solutions. Payment networks appear increasingly willing to test stablecoin rails despite regulatory headwinds.