This page may contain stale information. Last updated: 2026-09-23
Overview
Banking/clearing layers that move value across traditional rails and stablecoin networks — distinct from minting stablecoins.
Timeline
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2026-09-22: sofi + mastercard — first nationally chartered US bank live with $25B card program on SoFiUSD stablecoin settlement; merchants receive fiat (2026-09-23-sofi-stablecoin-mastercard-settlement)
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2026-09-22: cleartoken BoE Gate 2 — tokenised securities settlement (parallel track: securities vs card/deposit rails) (2026-09-22-cleartoken-bank-of-england-approval)
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2026-08-05: Distinction: Crypto Credential = assurance/governance, not settlement (2026-08-05-mastercard-borderless-blockonomi)
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2026-08-03: bvnk now inside mastercard — on-chain infra for B2B/treasury/settlement (2026-08-03-mastercard-completes-bvnk-acquisition)
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2026-07-21: augustus-180m-stablecoin-clearing-bank Series B + conditional OCC charter path
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Parallel: GENIUS Act / stablecoin-regulation; issuer charters (e.g. Circle)
Key Players
Analysis
Clearing vs issuance is the editorial distinction for 2026 fintech coverage: infrastructure unicorns may matter more to agentic commerce than new dollar tokens.