Why Is SoFi Technologies (SOFI) Putting Its Entire Card Program On Stablecoin Rails?

SoFi Technologies (NasdaqGS:SOFI) introduced SoFiUSD as the settlement asset for its entire card program on Mastercard's network on 21 September 2026. The move marks the first use of a U.S. bank issued stablecoin by a nationally chartered bank to settle a major card program. SoFi Bank is using SoFiUSD for real world payment settlements, connecting its regulated banking operations directly with blockchain based infrastructure. This full card migration to SoFiUSD settlement on Mastercard's...