SoFi Launches SoFiUSD Stablecoin Settlement on Mastercard Network

SoFiUSD stablecoin settlement — Financial services firm SoFi has launched live settlement for its SoFiUSD stablecoin on Mastercard’s network, targeting a card program with an annualized volume exceeding $25 billion.

The integration enables SoFi’s card program to leverage the stablecoin for settlement, a significant step in bridging digital assets with traditional payment rails. The move is part of a broader trend of financial institutions exploring stablecoins for faster and more efficient transaction processing.

Mastercard has been actively expanding its crypto and digital asset capabilities, partnering with various firms to facilitate blockchain-based payments. The network’s infrastructure allows for the conversion of digital currencies into fiat for acceptance at millions of merchants globally.

The targeted $25 billion in annualized volume underscores the scale of SoFi’s ambitions for its card program and signals growing institutional confidence in stablecoin utility for mainstream financial services.