Embedded finance news: Card issuing
Cross River's $50M credit facility backs GoodLeap's card
One sponsor bank issues the card and lends to the fintech that funds it.
SoFi goes live with stablecoin settlement on Mastercard
SoFi Bank settles its debit and credit card program in SoFiUSD, its own bank-issued stablecoin.
Reap and Visa take stablecoin credit cards to 100+ markets
Payward-owned Reap will run stablecoin-funded Visa credit programs for fintechs well beyond Asia.
Marqeta and BVNK partner on stablecoin-backed cards
Marqeta will issue cards funded by stablecoin balances, with BVNK, now part of Mastercard, behind them.