Mastercard and SoFi Launch Crypto Card in Mexico

Mastercard and SoFi have partnered with Orbi to launch a crypto card in Mexico, allowing users to spend both fiat and crypto funds, with merchants receiving fiat currency. SoFi Tech Solutions President Kathleen Pierce-Gilmore highlighted the importance of stablecoins in cross-border money movement.

Why it matters. Consumers in Mexico will now have a trusted way to use digital currencies for everyday purchases, potentially increasing the adoption and acceptance of stablecoins.