U.S. consumer bank SoFi announced an expanded partnership with Mastercard, introducing SoFiUSD as a settlement currency into Mastercard's global payment network. SoFiUSD is a 1:1 fully reserved USD stablecoin issued by SoFi Bank, regulated by the OCC and insured by the FDIC, deployed on Ethereum. Under the partnership arrangement, card issuers and acquirers will be able to use SoFiUSD for card transaction settlements in the future, enabling faster cross-border remittances and B2B fund transfers. SoFi also plans to settle its own credit card and debit card transactions processed through the Mastercard network using SoFiUSD. (The Block) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=57492