SoFi Bank moves $25 billion in credit card volume to stablecoin SoFiUSD, Pluang reports
What happened
SoFi Bank has launched an integration moving $25 billion in annual credit card volume onto its proprietary bank-issued stablecoin, SoFiUSD. The commercial deployment links SoFiUSD directly into Mastercard's global payment settlement infrastructure to process card transaction volumes.
Why it matters
Routing card settlements through a proprietary stablecoin enables a regulated bank to streamline backend processing and reduce settlement costs. Connecting directly to Mastercard demonstrates how tokenized deposits can operate within existing card infrastructure without altering consumer payment habits.
Bigger picture
Major card networks opening payment rails to stablecoin settlement accelerates the integration of bank-issued digital assets into traditional financial infrastructure, shifting digital currencies into mainstream wholesale banking tools.
Watch next
Monitor potential regulatory scrutiny regarding bank-issued stablecoin reserve requirements, alongside whether competing commercial banks introduce similar settlement tokens on major card networks.