SoFi Technologies, a U.S. based fintech company, has partnered with Mastercard to bring stablecoin settlement to the debit and credit card program of SoFi Bank, N.A.

 

Through this partnership, SoFi unlocks stablecoin settlement for its debit and credit cards using its SoFiUSD stablecoin. Thus, instead of card credit and debit transactions being settled traditionally with banks, which would typically delay settlements, SoFi is migrating its entire $25 billion card program on-chain, with transactions already live on the blockchain.

 

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

 

According to Noto, merchants do not need to hold stablecoins, build new infrastructure, or alter their current payment workflow before they can take advantage of this integration.

 

Through SoFi’s Business Banking platform, which they are already used to, these merchants can receive settlement funds instantly and directly in their SoFi bank account, while also being able to withdraw this cash at any time.

 

SoFi’s launch of stablecoin settlement highlights how well digital assets can work alongside stablecoins, bridging the gap between traditional finance systems and blockchain-based payment solutions.

 

About SoFi

 

Founded in 2011 by four Stanford students, SoFi is a U.S. digital bank and fintech platform that offers lending, banking, investing, and other financial services, all within a single app.

 

Despite being launched as a traditional finance platform, SoFi has rapidly adopted and integrated crypto and blockchain technology into its infrastructure.

 

Through its partnership with Coinbase in 2019, SoFi began making it possible for users to trade cryptocurrencies. In 2025, SoFi launched the SoFiUSD stablecoin, the first stablecoin to be launched by a U.S. national bank, a status it achieved when it acquired Golden Pacific Bancorp, Inc. and its subsidiary, Golden Pacific Bank, N.A., a few years earlier.