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Sep 22, 2026

SoFi begins stablecoin settlement on Mastercard network for $25 billion card program

SoFi began settling debit and credit card transactions using its SoFiUSD stablecoin on Mastercard's global payments network, migrating its entire card program expected to process over $25 billion in annualized volume.

Sep 22, 2026·3 sources

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Top claims

▪SoFi and Mastercard are exploring further uses for SoFiUSD on the Mastercard network, including cross-border payments and remittances
▪SoFiUSD is redeemable 1:1 for U.S. dollars and is backed by reserves consisting primarily of cash
▪SoFi launched stablecoin settlement for its debit and credit card transactions using its SoFiUSD stablecoin on Mastercard's global payments network on September 22, 2026

Topics

Stablecoins Crypto payments regulation Tokenization Payments SoFi Mastercard SoFiUSD settlement launch Institutional crypto adoption