SoFi Bank moves entire Mastercard card network to stablecoin settlement with SoFiUSD
- —SoFiUSD launched in December 2025 and became available in the SoFi app in May
- —SoFi and Mastercard announced their partnership in March
- —Expected annual card transaction volume exceeds $25 billion
- —Settlement occurs beneath the existing card rails, with no change for consumers or merchants
Why it matters: A major US bank moving its entire card network to stablecoin settlement marks a significant step for institutional stablecoin adoption.
Source: PANews