Mastercard

New Capabilities

Partner in a May 2026 agentic payment demonstration.

PhotonPay raised $40 million to connect stablecoin balances to the bank accounts, local payment systems and cards companies already use. Blockchain Capital led the round, and SBI Group joined as a new investor.

Updated Oct 30

New Capabilities

As of September 2026: Partner in the stablecoin settlement rollout

SoFi Bank is moving its debit and credit card program to stablecoin settlement on Mastercard's network. The program is projected at more than $25 billion in annualized volume and settles in SoFiUSD, a token the bank itself issues. It's the first nationally chartered bank to put stablecoin settlement live on a major card network, though the migration is still in progress.

Updated Sep 24

Rule Changes

As of July 2026: Committed to Trump Accounts program

The program launched July 4, 2026, opening for contributions on America's 250th birthday. Treasury deposited $1,000 into 1.4 million eligible accounts, committing $1.4 billion in total; 6 million children are now enrolled.

Updated Jul 7