[SoFi Bank Becomes the First Nationally Chartered Bank in the U.S. to Enable Stablecoin Settlement on Mastercard] According to Golden Finance, on September 23, SoFi Bank has become the first nationally chartered bank in the United States to enable stablecoin settlement on Mastercard's global payment network, using the bank-issued stablecoin SoFiUSD as the settlement medium. Additionally, SoFi plans to gradually migrate its $25 billion annualized credit card program to enable on-chain transaction settlement via SoFiUSD, while maintaining an unchanged user experience for cardholders. The underlying clearing mechanism will transition to a stablecoin-based system.