Payment Radar
SoFi Bank goes live with stablecoin settlement across Mastercard network
SoFi Bank has gone live with stablecoin settlement across the Mastercard network using its SoFiUSD stablecoin for its entire $25 billion card programme. The settlement is now live on the blockchain.
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What changed
SoFi Bank has gone live with stablecoin settlement across the Mastercard network using its SoFiUSD stablecoin for its entire $25 billion card programme. The settlement is now live on the blockchain. Merchants do not need to hold stablecoins, build new infrastructure, or change operations. Through SoFi’s Big Business Banking platform, merchants can receive settlement funds instantly in a SoFi Bank account and withdraw to cash around the clock at zero cost. A stablecoin is a digital currency pegged to a fiat currency like the US dollar to maintain a stable value.
Why a business should care
This shift moves settlement from traditional banking rails to blockchain-based processing without altering how you operate. You get faster access to your revenue and lower friction when moving money out of your account. For businesses that rely on quick liquidity, this reduces the time between a sale and usable cash.
Who it affects
US merchants holding a SoFi Bank business account are the primary group impacted. If your payments processor or acquiring bank uses SoFi for settlement, your funding timeline may improve immediately.
What to consider doing
No action is required to access these benefits. If you want to confirm whether your current settlement route is already using this SoFi rail, call your payment processor or check your merchant dashboard for updated settlement details.
Uncertainty and risks
None identified in the evidence. The rollout appears straightforward with no stated compliance hurdles or hidden fees. However, blockchain-based settlement remains a newer model, so keep an eye on any future updates from SoFi or Mastercard regarding network changes or policy adjustments. Keep your accounting records aligned with the new settlement timing to avoid reconciliation gaps. SoFi Bank has launched stablecoin settlement across the Mastercard network, enabling instant settlement and zero-cost withdrawals for merchants in SoFi Bank accounts without requiring new infrastructure or stablecoin holdings.
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