SoFi and Mastercard Launch Operational Stablecoin Partnership
SoFi Technologies (SOFI) has announced that its stablecoin partnership with Mastercard is now fully operational, handling real transactions. The collaboration involves SoFi's debit and credit card program, which processes over $25 billion in annualized volume, transitioning to use a bank-issued stablecoin on Mastercard’s payment network. The companies had initially announced the partnership in March 2026. This move marks an important step for SoFi as it transforms its consumer app into a testing ground for stablecoins and digital assets. The news positively impacted SoFi's stock, which saw gains following the announcement.
Topics: Debit/Credit Cards Mastercard Partnership Stablecoin