SoFi, Mastercard launch stablecoin settlement for $25 billion card program

• SoFi Technologies partnered with Mastercard to launch stablecoin settlement across SoFi Bank’s debit and credit card program on Mastercard’s network.
• SoFi is migrating its full card program to blockchain-based settlement using SoFiUSD, targeting more than USD 25 billion in annualized volume.
• Merchants can receive instant settlement into a SoFi Bank account, with 24/7 cash withdrawals at zero cost, without holding stablecoins.
• SoFiUSD is issued by SoFi Bank, an OCC-regulated national bank, redeemable 1:1 for U.S. dollars, backed mainly by cash reserves.
• The partners plan to pursue additional SoFiUSD settlement uses on Mastercard’s network, including cross-border payments and remittances.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SoFi Technologies Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202609220800BIZWIRE_USPR_____20260922_BW545634) on September 22, 2026, and is solely responsible for the information contained therein.