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SoFi and Mastercard Unveil Stablecoin Settlement Solution for Merchants

Guavy AI Editorial Team
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USDC
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SoFi and Mastercard have launched a stablecoin settlement solution for merchants, allowing them to receive payments in USD Coin (USDC) directly into their bank accounts.

The partnership aims to provide a faster and more efficient way for merchants to settle transactions, reducing the time it takes for funds to be available in their accounts.

According to SoFi, this solution will enable merchants to receive USDC payments within minutes, compared to traditional payment processing times which can take several days.

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