SoFi and Mastercard Roll Out Stablecoin Settlement Across Global Payments Network

SoFi Technologies has launched stablecoin settlement across Mastercard's global payments network. The move marks a significant milestone in the adoption of blockchain-based settlements.

The partnership between SoFi and Mastercard allows for the use of SoFiUSD, a stablecoin issued by a federally regulated bank, to settle transactions on Mastercard's network.

SoFi Bank is migrating its entire $25 billion card program to stablecoin settlement using SoFiUSD. Transactions are live on the blockchain today.

The launch expands how card issuers, acquirers, and merchants can manage settlement and liquidity through trusted payment infrastructure.