Crypto

SoFi Bank Taps Stablecoin for $25 Billion Mastercard Settlement

Guavy AI Editorial Team Published September 24, 2026

SoFi Bank has launched live settlement using its SoFiUSD stablecoin for its Mastercard debit and credit card program, processing an estimated $25 billion in annualized card volume on blockchain infrastructure.

The full migration is not yet complete, with the projected figure representing expected card-program volume after migration, rather than the amount already settled in SoFiUSD.

SoFiUSD is used for settlement between financial institutions, Mastercard and merchants, rather than for consumers paying merchants directly at checkout. Merchants can receive settlement funds in a SoFi Bank account and withdraw cash around the clock at no cost through Big Business Banking.

SoFi CEO Anthony Noto said that 'In six months, SoFi and Mastercard took stablecoin settlement from an idea to a live product that materially improves how money moves for businesses.'

SoFi Bank Taps Stablecoin for $25 Billion Mastercard Settlement

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