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SoFi Bank Tags Mastercard For SoFiUSD Distribution
SoFi's expected SoFiUSD is choosing Mastercard as a key distributor network for its stablecoin adoption for global customers.
SoFi Technologies and Bank have selected Mastercard to bring SoFiUSD stablecoin to its global clients, also allowing the network to settle its domestic customer transactions (Ron McClenny / Unsplash)
SoFi chooses Mastercard to distribute SoFIUSD.
SoFi's stablecoin will be integrated within the Mastercard settlement network. Specifically, it will be accessible via the MTN (Multi-Token Network). Additionally, SoFi will also rely on existing MasterCard rails to power its customer debit and credit card transactions in SoFiUSD.
CEO of SoFi Anthony Noto expressed:
“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.”
SoFi Bank is an emerging leader in the latest wave of new fintechs and banking platforms focusing on a younger demographic and enabling greater financial products across personal lending, mortgages, investing and digital assets with new technology innovations.
In the last quarterly earnings of 2025, SoFi reported a record $1B in net revenue for the first time, showing a 37% increase and added over 1M customers, taking the total tally to 13.7M.
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