SoFi launches stablecoin settlement on Mastercard's network

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Go back to SoFi launches stablecoin settlement on Mastercard's network

SoFi Becomes First National Bank to Go Live with Stablecoin Settlement across Mastercard’s Global Payments Network

September 22, 2026 8:00 AM EDT

SoFi is migrating its full card program to blockchain-based settlement, with the program expected to process more than $25 billion in annualized volume using SoFiUSD.

SAN FRANCISCO--(BUSINESS WIRE)-- SoFi Technologies, Inc. (NASDAQ: SOFI) and Mastercard (NYSE: MA) today announced that stablecoin settlement is now live across SoFi Bank, N.A.s debit and credit card program, bringing stablecoin settlement through SoFiUSD, issued by a federally regulated bank, to Mastercards global payments network following the companies... More