SoFi Technologies is moving its entire card program to blockchain-based settlement, tapping its own SoFiUSD stablecoin to process more than $25 billion in expected annualized transaction volume through a new arrangement with Mastercard.
A Major Shift to Stablecoin Settlement
The digital finance company is deepening its push into payments by transitioning its full card operation to a settlement system built on blockchain rails. Rather than relying solely on traditional banking infrastructure, SoFi will use its native stablecoin, SoFiUSD, to handle the movement of funds behind the scenes.
The scale of the initiative is notable. With more than $25 billion in projected annualized volume, the tie-up represents one of the more substantial real-world deployments of stablecoin technology within a consumer card program to date.
Stablecoins are stepping out of the trading world and into the plumbing of everyday payments.
Why It Matters for Blockchain Payments
The collaboration underscores a growing view that stablecoins can serve as an alternative settlement layer, complementing or even competing with established payment networks. By anchoring settlement to a dollar-pegged token, SoFi aims to streamline how transactions clear while retaining the reliability consumers expect from card payments.
Working alongside Mastercard, SoFi positions itself to demonstrate that stablecoin-based settlement can operate at commercial scale rather than remaining a niche experiment. The partnership signals that legacy payment giants are increasingly open to integrating tokenized dollars into their infrastructure.
Key takeaways from the move include:
- SoFi is shifting its complete card program to blockchain settlement.
- The SoFiUSD stablecoin will handle behind-the-scenes fund transfers.
- Expected annualized volume tops $25 billion.
The development reflects broader momentum in the industry, where financial firms are exploring stablecoins as a faster, programmable way to settle payments. As adoption grows, such arrangements could reshape how money moves across the card ecosystem.