{"id":78529,"date":"2026-09-23T00:08:11","date_gmt":"2026-09-23T00:08:11","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/sofi-moves-25-billion-mastercard-program-onto-stablecoin-rails\/"},"modified":"2026-09-23T00:08:11","modified_gmt":"2026-09-23T00:08:11","slug":"sofi-moves-25-billion-mastercard-program-onto-stablecoin-rails","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/sofi-moves-25-billion-mastercard-program-onto-stablecoin-rails\/","title":{"rendered":"SoFi Moves $25 Billion Mastercard Program Onto Stablecoin Rails"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">SoFi is the first national bank to settle card transactions via blockchain in partnership with Mastercard.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The firm will migrate its full credit and debit card program to settle with its SoFiUSD stablecoin.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">SoFi is also in talks with major merchants to expand stablecoin settlement, including for cross-border payments.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>SoFi Makes Major Stablecoin Move<\/h2>\n<p>SoFi has become the first nationally chartered bank to route card transactions through blockchain-based settlement on Mastercard\u2019s global network, the companies announced Tuesday, marking a significant step in the mainstreaming of bank-issued digital currency.<\/p>\n<p>The San Francisco-based <a href=\"https:\/\/news.bitcoin.com\/finance\/sofi-opens-banking-rails-to-kraken-in-sweeping-crypto-alliance\/\">financial firm<\/a> is shifting its entire debit and credit card program\u2014an operation that is expected to process roughly $25 billion annually\u2014to settle transactions using SoFiUSD, a stablecoin it <a href=\"https:\/\/news.bitcoin.com\/sofi-launches-sofiusd-stablecoin-for-15-million-members-as-first-us-bank-on-a-banking-app\/\">began issuing this year<\/a>.<\/p>\n<p>Transactions were already moving through the blockchain as of Tuesday, the companies said. The rollout builds on a partnership between SoFi and Mastercard <a href=\"https:\/\/news.bitcoin.com\/sofi-technologies-advances-stablecoin-settlement-with-mastercard\/\">first revealed in March<\/a>.<\/p>\n<p>SoFiUSD is backed primarily by cash reserves and can be redeemed for U.S. dollars on a one-to-one basis, per the announcement. Regulators at the Office of the Comptroller of the Currency oversee SoFi Bank, N.A., which issues the token. The companies noted, however, that the stablecoin is not a bank deposit and carries no FDIC or SIPC insurance.<\/p>\n<p>\u201cIn six months, SoFi and Mastercard took stablecoin settlement from an idea to a live product that materially improves how money moves for businesses,\u201d said SoFi CEO Anthony Noto, in a statement. He added that thanks to the move, \u201cbusinesses have faster access to their money via the speed of blockchain, with the safeguards of a bank.\u201d<\/p>\n<p>The move is part of a <a href=\"https:\/\/news.bitcoin.com\/mastercard-to-acquire-stablecoin-infrastructure-firm-bvnk-in-deal-worth-up-to-1-8-billion\/\">broader push by Mastercard<\/a> to weave stablecoins into its existing rails as banks, fintechs and crypto issuers race to build settlement infrastructure on blockchain networks.<\/p>\n<p>For SoFi, the launch is intended to be only a starting point: the company said it is in talks with large retailers and technology platforms about adopting similar settlement arrangements, and that it plans to explore additional applications with Mastercard, including cross-border payments and remittances.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/stablecoins\/sofi-settles-25-billion-mastercard-transactions-stablecoins\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways SoFi is the first national bank to settle card transactions via blockchain in partnership with Mastercard. The firm will migrate its full credit and debit card program to settle with its SoFiUSD stablecoin. SoFi is also in talks with major merchants to expand stablecoin settlement, including [&hellip;]<\/p>\n","protected":false},"author":3947362408,"featured_media":78530,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/78529"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362408"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=78529"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/78529\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/78530"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=78529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=78529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=78529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}