SoFi begins stablecoin settlement on Mastercard network for program expected to exceed $25 billion in annualized volume

60-second summary

SoFi launches live SoFiUSD stablecoin settlement on Mastercard’s network, enabling cardholders to pay and receive funds instantly. The program targets $25 billion in annualized transaction volume, positioning the fintech to compete with traditional card issuers. This move could boost stablecoin adoption, pressure legacy networks, and drive broader crypto integration into mainstream payments.