SoFi Bank rolls out stablecoin settlement across all Mastercard card transactions, targets $25B annualized volume
AI Market Summary
SoFi's rollout of SoFiUSD stablecoin settlement across Mastercard's full card network signals institutional-scale adoption of blockchain-based settlement in mainstream payments. The projected $25B annualized volume and "no behavior change" integration model could improve settlement efficiency and reduce counterparty and liquidity frictions. The development is most directly relevant to SoFi as it monetizes payments infrastructure while expanding regulated stablecoin utility.
Impact level
● Medium
Affected assets
NCSKSOFI2USD/USDT+1.45%
AI Insight · NCSKSOFI2USD/USDTAI Insight
▲ Bullish
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SoFi Bank has begun settling transactions across Mastercard's full card network using its proprietary stablecoin, SoFiUSD, according to Mars Finance, citing CrowdfundInsider. The company says it is the first U.S. national bank to adopt this settlement structure at scale.
SoFi has previously projected that shifting its entire debit and credit card business to stablecoin-based settlement would push annual transaction volume above $25 billion.
SoFiUSD debuted in December 2025 and became available to users in the SoFi app in May this year. The partnership underpinning the rollout was announced in March.
Radi El Haj, CEO of payment infrastructure provider RS2, said stablecoin settlement has progressed from pilots to full operational deployment across the Mastercard network. He added that settlement occurs at the underlying layer of the existing card payment rails, allowing consumers and merchants to keep using their current payment methods.
