- SoFi and Mastercard are partnering to offer financing solutions for Small to Medium Businesses (SMBs).
- SoFi shifted its card program to operate on the Mastercard network.
SoFi Launches Stablecoin Settlement on Mastercard Network
- Reports
- 7
- Developments
- 4
- Repetition
- 43%
New informationRepeats or wire copies
What happened
SoFi began using its stablecoin, SoFiUSD, for live settlement across Mastercard's global payments network on September 22, 2026. This move allows SoFi Bank, a nationally chartered institution, to use blockchain-based settlement for its debit and credit card program. The company expects the card program to handle more than $25 billion in annualized payment volume once the migration is complete.
From yahoo.com, hindustantimes.com
Why it matters
The launch marks the first time a nationally chartered US bank has introduced live stablecoin settlement across Mastercard's global payments network. The integration of SoFiUSD into the card program expands SoFi's payments business and connects blockchain-based settlement with an established global card payments system.
SoFi has shifted its card program to operate on the Mastercard network and is partnering with Mastercard to offer financing solutions for Small to Medium Businesses.
From yahoo.com, hindustantimes.com
Who's involved
- SoFiAmerican financial services company that introduced SoFiUSD for card settlement
- MastercardAmerican multinational financial services corporation providing the global payments network
How it developed
Newest first. Tap a step to see who reported it.SoFi officially launched its stablecoin utilizing Mastercard's network.1 source
SoFi is using Mastercard's network specifically for stablecoin settlement.1 source
SoFi is now using stablecoins for card payment settlements.1 source
SoFi integrates stablecoin settlement onto Mastercard's network under OCC oversight.1 source
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The entities involved
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SoFi
American financial services company
- SoFi lost a major client, Chime, due to its own charter pursuit, and Fed rate hikes are increasing deposit costs and affecting loan demand.
- Nvidia CEO Jensen Huang spoke at a conference in Seoul. Meanwhile, Anthony Noto bought SoFi stock, Elon Musk purchased Tesla stock, and Jamie Dimon bought shares of JPMorgan Chase.
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Mastercard
American multinational financial services corporation
Related events
- Mastercard is piloting stablecoin transfers using the Crypto Credential framework, while Western Union has launched a Visa-branded card that utilizes stablecoins.
- Visa Inc. and Mastercard integrate a payment network into their card portfolio.
- Visa and Mastercard are exploring stablecoin settlements, while Trump-era tariffs are noted to benefit AI stocks.
- Meta's AI agent caused issues leading to Amazon blocking the app, while SoFi is pioneering stablecoin card payment settlements in the US.
- Visa Inc. and Mastercard are testing live AI agent-initiated payments, leveraging partnerships with companies like Klook and AWS to drive card usage in Southeast Asia.