SoFi Collaborates with BitGo and Mastercard to Launch and Accept US Dollar Stablecoin

SoFi is partnering with BitGo to develop a bank-issued stablecoin, signaling a significant move in digital currency infrastructure. Concurrently, Mastercard will accept SoFiUSD for global transactions, expanding the stablecoin's usability and reach. These developments highlight growing institutional interest and adoption in the stablecoin space, with potential implications for traditional banking and payments systems.