SoFi Technologies announced a partnership with Mastercard that will allow its fully‑reserved stablecoin, SoFiUSD, to be used as a settlement currency across Mastercard’s global payments network. The deal, announced on March 3 2026, integrates SoFiUSD into Mastercard’s Multi‑Token Network (MTN) and gives SoFi a new, fee‑based revenue stream from cross‑border digital payments.
SoFiUSD is a tokenized deposit backed by cash held at SoFi Bank, N.A., and redeemable on demand. Unlike many crypto‑assets, the stablecoin’s reserve model aligns it with regulated bank money, reducing liquidity and credit risk. The partnership will enable SoFi Bank to settle its own credit and debit card transactions on the Mastercard network 24/7, while Galileo, SoFi’s technology platform, will offer the same settlement option to its clients.
The partnership positions SoFi as a key player in the stablecoin market, which processes roughly $30 billion in daily transactions and has seen issuance double in 2025. By embedding SoFiUSD into Mastercard’s network, SoFi can capture a share of that growth and generate new fee revenue. The company’s Q4 2025 results—net revenue of $1.025 billion, net income of $173.5 million, and 13.7 million members—show a strong financial foundation that supports this strategic expansion.
Anthony Noto, SoFi’s CEO, said, "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." Sherri Haymond, Global Head of Digital Commercialisation at Mastercard, added, "Bringing stablecoin settlement on our network will connect regulated stablecoins with the reliability, security, and reach that consumers, businesses and financial institutions expect. And this effort expands choice and flexibility across the payments ecosystem in how people pay or get paid."
The stablecoin partnership aligns with SoFi’s broader strategy to diversify beyond its lending roots. The company’s Q4 2025 financials show a 78% year‑over‑year increase in Financial Services revenue to $457 million and a 53% rise in fee‑based revenue to $443 million, underscoring the potential upside of the new settlement channel. The partnership also gives SoFi a competitive edge over other fintechs exploring stablecoin solutions, such as Circle and Kraken, by leveraging Mastercard’s extensive global reach.
Investors view the partnership as a positive development because it unlocks a new, scalable revenue source and strengthens SoFi’s position in the rapidly expanding stablecoin ecosystem. The move also signals SoFi’s confidence in its bank‑grade infrastructure and its commitment to delivering instant, 24/7 settlement to merchants worldwide.
The partnership is expected to accelerate SoFi’s transition into a comprehensive fintech platform, providing a foundation for future innovations in digital commerce and potentially driving higher transaction volumes and member engagement across its ecosystem.
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