MA · News · 20260922N
Stablecoin Settlement Initiative
Mastercard Inc · 2026-09-22 · Importance 71 · Surprise 60 · In source text
Mastercard and SoFi launched stablecoin settlement across SoFi Bank, N.A.'s debit and credit card program on Mastercard's global payments network on September 22, 2026. The program uses SoFiUSD, a stablecoin issued by a federally regulated bank. SoFi is migrating its entire $25 billion card program to stablecoin settlement, materially exceeding the specified revenue and asset thresholds. The launch is described as the first step toward a broader rollout of Mastercard's stablecoin settlement capabilities.
Key facts
- As part of the launch, SoFi Bank is migrating its entire $25 billion card program to stablecoin settlement on Mastercard's network. source
- Mastercard and SoFi Technologies announced that stablecoin settlement is now live across SoFi Bank, N.A.'s debit and credit card program. source
- Mastercard and SoFi's partnership that enabled this launch was announced in March. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | — | As part of the launch, SoFi Bank is migrating its entire $25 billion card program to stablecoin settlement on Mastercard's network. |