SoFi begins stablecoin settlement on Mastercard network for program expected to exceed $25 billion in annualized volume

LEGAL MATTERSoFi begins stablecoin settlement onMastercard network for programexpected to exceed $25 billion inannualized volume30IMPORTANCECLOSED3NEWS MEDIA3PIECESSep 22, 2026 20:33blockboard.net

SoFi has begun live settlement of its debit and credit card program with SoFiUSD on Mastercard’s network, moving from an earlier March agreement into live use. The card program is described as targeting more than $25 billion in annualized volume, and one piece specifies that this figure refers to expected card-processing volume rather than SoFiUSD in circulation or direct consumer stablecoin spending.

What this rests on

Claim by claim, with its source
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SoFi’s card program is targeting more than $25 billion in annualized volume.
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SoFi Bank started using SoFiUSD to settle Mastercard debit and credit card transactions, shifting the arrangement from a March agreement into live operation.
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The $25 billion figure refers to expected annualized card-processing volume, not the amount of SoFiUSD in circulation or direct consumer stablecoin spending.
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SoFi is moving its entire card program to blockchain-based settlement using SoFiUSD.
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The SoFiUSD settlement is now live across SoFi Bank’s debit and credit card program on Mastercard’s global payments network.

What it means

Who it affects, what changes and what is still unconfirmed

Each sentence links inside to the piece that supports it.

Cardholders and merchants using SoFi’s debit and credit cards are the first to notice this change, because the program is now live on Mastercard’s global payments network. The shift is visible in day-to-day payment settlement rather than in the amount of SoFiUSD held by customers, since the $25 billion figure is tied to expected card-processing volume. (per crypto-news-flash.com)

In practice, the card program is now settled with SoFiUSD on Mastercard’s network instead of remaining at the stage of the March agreement. What remains the same is that the publicly cited $25 billion figure is about annualized processing volume, not direct consumer stablecoin use or circulation.

What is still not known from these pieces is how much SoFiUSD will move in ordinary use once the program runs live or how the settlement activity will evolve from here. A fuller view would require later data on transaction volume and the scope of the rollout beyond the card program described here.

Market reaction

We track BTC, but we only have 1 price point in that window. The series is stored every half hour, so newer events will have it. Computing it from two points would not be a reaction, it would be a coincidence.

How the story was built

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

+1 h 5 m
Sep 22 13:05
CN Crypto News Flash context
Its angle: infrastructure, cryptocurrency, transactions
+2 d 3 h
Sep 24 15:54
Cointelegraph echo
No new facts: stablecoins, alternative, provide

Has this happened before?

Nothing comparable yet.