SoFi Brings SoFiUSD to Mastercard: Can It Unlock a New Growth Engine?

SoFi Technologies is integrating its SoFiUSD stablecoin into its debit and credit card program through Mastercard, expected to process over $25 billion in annualized volume. The move capitalizes on accelerating card activity, with Q2 2026 showing $28 billion in annualized card spend and 67% year-over-year growth in interchange fee revenues. SoFiUSD settlement could enhance fee-based revenues and support merchant payments, positioning SoFi beyond its traditional lending business.