Payments
A chartered bank just put a stablecoin on card settlement
SoFi Bank put SoFiUSD on Mastercard's settlement layer. Authorization still rides the card rails and the merchant sees nothing change, but the interbank fund movement happens on-chain, around the clock, with no batch window and no correspondent float. For the first time, issuers and acquirers get to choose their settlement medium.
Lead essay
Start here when you want the current Doric argument instead of a chronological archive.
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