Wire · operational-macro
SOFI Stock Rises After $25B Card Program Moves To Stablecoin Settlement On Mastercard Network
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Fusion42 · 23 September 2026 · Fusion42 review
SoFi has migrated its entire $25 billion debit and credit card program to blockchain-based settlement using its stablecoin SoFiUSD on Mastercard's network, making it the first national bank to offer stablecoin settlement at scale. Transactions are live, with expected annual volume exceeding $25 billion, and SoFi is exploring further use cases including cross-border payments.
This Wire brief sits within Fusion42's coverage of Fintech, and 6 sources have reported it between 22 Sep 2026 and 24 Sep 2026.
◆ ◆ The Wire takeaway
You now face a payments system where stablecoins are clearing $25 billion annually via Mastercard and a regulated U.S. bank. Expect pressure on non-blockchain payment rails and new opportunities to shift merchant settlement away from traditional USD channels.
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6 sources · first reported 22 Sep 2026 · latest 24 Sep 2026
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