SoFi Technologies is trading 4.8% higher at $17.79 after announcing stablecoin settlement across Mastercard’s payments network for SoFi Bank debit and credit cards.
- The announcement was followed by a 4.30% premarket gain to $17.70, linking the company news with the initial move.
- Bitcoin and Ethereum were slightly lower since the September 21 close, while broader markets were modestly positive; the announcement appears to be the primary catalyst.