SoFi Goes Live with Stablecoin Settlement on Mastercard Rails, Targeting $25B Volume

SoFi has launched production stablecoin settlement using SoFiUSD on Mastercard's network, with its card program targeting $25 billion in annualized volume — making this one of the first live stablecoin-on-card-scheme deployments at scale. Payments operators should watch this as a concrete data point on whether stablecoin rails can displace traditional interchange settlement within existing card infrastructure.