SoFi Bank has fully enabled transaction settlement of its proprietary stablecoin SoFiUSD on the Mastercard network.

BlockBeats news, September 25 — SoFi Bank announced that it has fully enabled transaction settlement using its own stablecoin SoFiUSD on the Mastercard network, becoming the first nationwide U.S. bank to achieve this model. SoFi launched SoFiUSD in December 2025 and opened it to users in May of this year, with the two parties announcing their partnership plan in March of this year.

SoFi stated that after migrating its entire credit card business to stablecoin settlement, it expects to drive an annualized transaction volume of more than $25 billion. RS2 CEO Radi El Haj said that this partnership marks stablecoin settlement moving from the pilot stage into large-scale practical application, and that changes at the settlement layer will not affect the existing card payment experience for consumers and merchants.