-
SoFiUSD now lets Mastercard users settle transactions instantly, anytime, boosting global payments and cross-border transfers.
-
SoFiUSD is fully cash-backed, giving businesses and merchants secure, fast, and liquid settlement options on Mastercard’s network.
-
Mastercard and SoFi plan to expand SoFiUSD for treasury apps, payouts, and cross-border payments, growing stablecoin adoption.
SoFi Technologies, Inc. announced a partnership with Mastercard to enable SoFiUSD as a settlement option across Mastercard’s global payments network. This move positions SoFiUSD, the fully reserved U.S. dollar stablecoin, as the first stablecoin issued by a U.S. nationally chartered and insured bank on a public, permissionless blockchain.
The integration enables card-based transactions to settle using SoFiUSD, which could facilitate faster remittance and B2B transactions. Anthony Noto, CEO at SoFi, said: “With SoFiUSD as a settlement currency on Mastercard’s network, card issuers and acquirers have the ability to easily facilitate the millions of businesses they serve around the globe to instantly settle transactions 24 hours a day, 7 days a week.”
Besides enabling instant settlement, the partnership also extends SoFiUSD support across the Mastercard Multi-Token Network (MTN). MTN is Mastercard’s digital asset platform that connects traditional fiat money with digital currencies. Consequently, this integration enhances interoperability across stablecoins, fiat currencies, and tokenized deposits.
Moreover, SoFi Bank, N.A. plans to settle credit and debit transactions on the Mastercard network using SoFiUSD. Additionally, Galileo, SoFi’s technology platform, is expected to offer clients and issuing banks the choice to settle transactions directly in SoFiUSD, opening new avenues for payment flexibility.
Expanding Digital Payment Capabilities
The Mastercard and SoFi partnership is seeking to investigate more use cases for SoFiUSD, such as programmable treasury use cases, additional money movement, and payouts.
According to Sherri Haymond, Mastercard’s global head of digital commercialization, “Bringing stablecoin settlement on our network will connect regulated stablecoins with the reliability, security, and reach that consumers, businesses, and financial institutions expect.”
The stablecoin market is experiencing a surge in transactions, with daily transactions reaching around $30 billion. Stablecoin issuance has doubled in 2025 compared to the previous year.
Additionally, SoFiUSD is fully reserved 1:1 by cash for immediate redemption. This ensures liquidity for merchants and issuers in Mastercard’s network while maintaining regulatory compliance. Over time, SoFi and Mastercard will likely explore stablecoin-enabled card programs and cross-border remittances.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Pi Network Major Transformation: 210 Ecosystem Applications Deployed, 23k Developers Ready
The Pi Network ecosystem is accelerating its transition, with more than 210 active applications and 23,000 developers actively participating in Pi Studio, spanning multiple areas such as payments, community engagement, education, and gaming. The ecosystem’s diversity shows indicators of healthy development, and developers’ engagement is driving ongoing application optimization. In the future, improving the usefulness of the mainnet will be a key challenge, including issues that need to be urgently addressed such as scalability, security, and user adoption rates.
MarketWhisper3h ago
Bittensor founder accuses former brother of betrayal; TAO’s sudden plunge sparks 9.1 million liquidations
Bittensor co-founder Jacob Steeves accuses Covenant AI’s Simon Dare of intentionally causing damage to the agreement, leading to a sharp drop in TAO tokens. Steeves proposes a locked-staking mechanism that uses on-chain code to enforce commitments and prevent founders from making sudden, surprise exits. Even as the crisis unfolds, Bittensor’s open-source architecture can still ensure the agreement continues to operate, and it is set to hold a meeting to introduce the new mechanism.
MarketWhisper3h ago
Scroll team manually increased the fee-rate parameters; users were overcharged with fees exceeding $50,000 within four days.
Ethereum Layer 2 network Scroll saw roughly 139,000 transactions have excess fees of more than $50k because the manual increase in the gas price multiplier led to higher transaction costs than expected. The actual cost was far above the forecast. The incident sparked widespread questions about its subsidy strategy, and Scroll’s TVL also fell sharply to $24 million.
GateNews4h ago
Aave DAO uses a 75% approval victory framework, routing protocol earnings to the governance treasury.
Aave DAO has passed the “Aave Will Win” framework, allocating $25 million to Aave Labs, and confirming that all brand application earnings will be fully directed into the DAO treasury. It will reform its governance structure by replacing bureaucratic procedures with a results-oriented approach. Future agreement revenue is expected to reach $140 million. Funding for each specific product still requires a separate proposal review.
MarketWhisper4h ago
BNB Chain Flags Critical Update Ahead of April 28 Hard Fork - U.Today
The Osaka/Mendel hard fork on BSC will launch on April 28, requiring node operators to update to BSC v1.7.2. The upgrade enhances block construction, transaction handling, and introduces a gas limit cap for improved network stability.
UToday4h ago
Aave Founder Unveils AWW Strategic Blueprint: Centered on $AAVE , Targeting a $1 Trillion Protocol Scale
Aave founder Stani announced on a social platform that Aave will pivot to $AAVE as its core token, with all revenue flowing back to the DAO treasury. In the future, it will launch a debit card and financial technology experience, aiming to increase the protocol’s scale from $40 billion to $1 trillion, positioning it as a foundational market for traditional financial assets.
GateNews4h ago
