Mastercard and SoFi Technologies have introduced stablecoin settlement for SoFi Bank's $25 billion debit and credit card program using SoFiUSD, a U.S. dollar-backed stablecoin. This allows merchants to receive instant settlement funds with zero withdrawal fees, leveraging blockchain speed and bank safeguards. The partnership aims to expand stablecoin use for cross-border payments and other financial services, signaling a broader rollout of regulated stablecoin solutions in mainstream payments.
Mastercard shares are trading at USD 560.50, down 1.26% as of Sep 22, 2026 21:52 WIB on Pluang. SoFi Technologies is priced at USD 17.02 with a slight gain of 0.32% at the same time. The typical hold time for Mastercard on Pluang is 133 days, indicating moderate investor confidence in the financial sector amid new stablecoin developments.
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