Fintech company SoFi Technologies has announced that it is working to make SoFiUSD available as a settlement option across the Mastercard’s global payments network.

SoFiUSD is SoFi’s fully reserved US dollar stablecoin. According to the company, it is the first stablecoin offered by a US nationally chartered and insured deposit bank on a public, permissionless blockchain.

Under the partnership, SoFi and Mastercard will examine how issuers and acquirers can settle card-based transactions with Mastercard using SoFiUSD. The partnership intends to support faster settlement options for Mastercard customers. It also targets use cases including cross-border remittances and B2B money transfers.

Galileo, SoFi’s technology platform, is expected to be among the first to offer its payment card clients and their issuing banks the option to settle transactions in SoFiUSD.

SoFiUSD is also expected to be supported across the Mastercard Multi-Token Network (MTN), Mastercard’s digital asset platform designed to connect traditional money with digital assets.

The integration is intended to improve interoperability across fiat currencies, stablecoins, and tokenised deposits, while offering additional settlement choices.

SoFi CEO Anthony Noto said: “SoFiUSD is at the heart of our strategy to make it faster, cheaper, and safer for people around the world to move money.

“With SoFiUSD as a settlement currency across Mastercard’s network, card issuers and acquirers can more easily enable the millions of businesses they serve around the globe to instantly settle transactions, 24 hours a day, 7 days a week. This is only the beginning of our efforts to bring SoFi’s bank-grade infrastructure to digital commerce.”

Mastercard and SoFi will also explore additional interoperability use cases across stablecoins, fiat, and tokenised assets. Areas cited include programmable treasury applications and additional payout and money movement scenarios.

The announcement comes as stablecoins continue to see increased activity in financial services. More than half of people with crypto holdings said they held stablecoins in the past 12 months.

Separately, Visa and Stripe-owned stablecoin infrastructure platform Bridge expanded a global card issuance product first unveiled last year.

Bridge enables businesses and fintech developers to offer stablecoin-backed Visa cards. Through Bridge’s partnership with Lead Bank, the companies said these card transactions can be settled onchain with Visa.

Bridge-enabled stablecoin-linked cards are now live in 18 countries. The companies plan to expand to more than 100 countries across Europe, Asia Pacific, Africa and the Middle East by end of year.

In November 2025, Visa partnered with Aquanow to enhance its stablecoin settlement capabilities across Central and Eastern Europe, the Middle East and Africa (CEMEA) regions.