$CRYPTOPUNKS
Trending UpSnapshot Window: 2026-09-22 13:00 UTC · ← Back to Crypto Overview
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SoFi Becomes First National Bank to Go Live with Stablecoin Settlement across Mastercard’s Global Payments Network SAN FRANCISCO--(BUSINESS WIRE)-- SoFi Technologies, Inc. (NASDAQ: SOFI) and Mastercard (NYSE: MA) today announced that stablecoin settlement is now live across SoFi Bank, N.A.’s debit and credit card program, bringing stablecoin settlement through SoFiUSD, issued by a federally regulated bank, to Mastercard’s global payments network following the companies’ partnership announced in March. As part of the launch, SoFi Bank is migrating its entire $25 billion card program to stablecoin settlement of transactions using SoFiUSD, the first stablecoin issued by a nationally chartered bank. Transactions are live on the blockchain today.