SoFi and Mastercard have launched live settlement using SoFiUSD, a bank-issued stablecoin running on Mastercardās Multi-Token Network, enabling 24/7 settlement for debit and credit card transactions and replacing traditional batch processing with near-instant finality. The card programās annualized transaction volume is projected to exceed $25 billion, and merchants should receive payments faster under this setup.
SoFiUSD was launched in December 2025, is fully reserved 1:1 by cash and redeemable on demand. SoFiās national bank charter, large consumer base, and the March 3, 2026 partnership with Mastercard underpin this first-of-its-kind integration. SoFi is in talks with other issuing banks and major merchants, and says the stablecoin could support cross-border remittances and B2B transfers, while pending legislation could alter the competitive landscape.
This summary is composed by the cFlash AI editor from multiple public sources, under human supervision. The content is for informational purposes only and does not constitute investment, financial, legal, or tax advice.
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JUST IN: šŗšø $SOFI Bank and Mastercard launch crypto stablecoin settlement payment network.ā
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SoFi becomes first US national bank to implement stablecoin settlement with Mastercardā
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SoFi begins stablecoin settlement on Mastercard network for program expected to exceed $25 billion in annualized volumeā