Catenaa, Sunday, March 08, 2026- SoFi Technologies and Mastercard are collaborating to enable SoFiUSD, a fully reserved US dollar stablecoin, as a settlement currency across Mastercard’s global payments network.
SoFiUSD is issued by SoFi Bank and deployed on Ethereum.
The integration allows card issuers and acquirers to settle transactions, including cross-border remittances and B2B transfers, directly in stablecoins, with 24/7 near-instant settlement.
The stablecoin will also operate within Mastercard’s Multi-Token Network, designed to connect traditional payment rails with digital assets.
Galileo, SoFi’s technology platform, is among the first expected to offer clients the ability to settle transactions in SoFiUSD.
Companies plan to explore broader interoperability between stablecoins, fiat currencies, and tokenized deposits, while considering regulatory requirements.
SoFiUSD launched in December 2025 as the first stablecoin issued by a nationally chartered bank on a public blockchain. It is fully backed 1:1 with cash reserves held for immediate redemption. The token supports real-time settlement for banks, fintechs, and enterprise partners.
The partnership expands the operational use of regulated stablecoins at scale and aims to enhance global transaction speed, security, and efficiency.
Daily stablecoin transactions currently reach roughly $30 billion, reflecting rising adoption in financial services.
