Galileo

Stories

SoFi becomes first national bank to settle card payments with stablecoin

As of September 2026: SoFi's technology platform expected to extend SoFiUSD settlement to other banks

SoFi Bank is moving its debit and credit card program to stablecoin settlement on Mastercard's network. The program is projected at more than $25 billion in annualized volume and settles in SoFiUSD, a token the bank itself issues. It's the first nationally chartered bank to put stablecoin settlement live on a major card network, though the migration is still in progress.

Updated Sep 24