Orbi Launches Cryptocurrency Card in Mexico with Mastercard and SoFi
Orbi partnered with Mastercard and SoFi to launch a cryptocurrency card in Mexico that enables users to spend digital dollars via the SoFiUSD stablecoin.
The cryptocurrency company Orbi launched a crypto card in Mexico through a partnership with Mastercard and SoFi. The card allows customers to make payments using either traditional fiat currency or cryptocurrency balances, while merchants receive the final payment in fiat.
SoFi provides the underlying financial technology infrastructure for the project, including transaction authorization, processing, compliance, and BIN sponsorship. The system utilizes the SoFiUSD stablecoin to facilitate these transactions. This initiative specifically targets the Mexican remittance market, where stablecoins are increasingly used for cross-border money movement.
The launch follows a broader trend in Latin America where stablecoins have begun to surpass bitcoin in regional purchase data. In 2025, stablecoins accounted for 40% of crypto purchases among Bitso users across Mexico, Argentina, Brazil, and Colombia. Kathleen Pierce-Gilmore, President of SoFi Tech Solutions, stated that the partnership provides a trusted way for people in Mexico to receive and spend digital dollars while establishing a foundation for stablecoin-powered payments at scale.
