SoFi Powers Stablecoin-Linked Mastercard Payments in Mexico

$SOFI's technology platform is reportedly powering a stablecoin-linked $MA payment product in Mexico, allowing users to spend digital dollars wherever Mastercard is accepted while merchants receive local currency.
The arrangement connects stablecoin infrastructure with existing card payment networks, potentially reducing the need for consumers and merchants to interact directly with blockchain systems.
For SoFi, providing regulated financial infrastructure to other fintech companies could create an additional revenue opportunity beyond its traditional lending business as stablecoin-based payments expand.