Mastercard and SoFi Technologies are now using stablecoin settlement across SoFi Bank, N.A.’s debit and credit card program. SoFi Bank is migrating its entire $25 billion card program to stablecoin settlement using SoFiUSD, a U.S. dollar-backed stablecoin issued by SoFi Bank.
Merchants do not need to hold stablecoins or build new infrastructure. SoFi launched SoFiUSD in December 2025. Mastercard and SoFi announced their partnership in March 2026.