Chief Executive Officer Anthony Noto stated that the transition allows businesses to obtain faster access to funds through blockchain speed and maintain bank safeguards. The partnership utilizes the SoFiUSD asset to reduce settlement times for merchants and streamline the movement of capital across the $25 billion card program.
Wednesday, October 21, 2026
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SoFi Migrates $25 Billion Mastercard Program to First US National Bank Stablecoin Settlement
Crypto29 days ago
Mastercard has integrated SoFiUSD into its live payment infrastructure to handle settlement for the totality of SoFi's card portfolio. This migration moves $25 billion in annualized volume onto a blockchain-based system, marking the initial instance of a nationally chartered U.S. bank issuing its own stablecoin for payment settlement. The integration applies stablecoin processing to the debit and credit card rails across the bank's global network.
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