SoFi Moves Card Program to Blockchain Settlement With SoFiUSD Stablecoin

SoFi Technologies is moving its entire card program to blockchain-based settlement, leveraging its SoFiUSD stablecoin to process what the company expects will be more than $25 billion in annualized transaction volume. The transition marks one of the largest commitments by a major U.S. fintech to stablecoin-powered payment infrastructure and signals growing institutional confidence in digital dollar rails for everyday financial services.

The stablecoin settlement layer replaces traditional card network clearing processes with on-chain transactions, potentially reducing settlement times from days to near-instant. SoFiUSD, the company's regulated stablecoin, serves as the settlement asset for all cardholder and merchant transactions across the platform. By keeping the full transaction flow on-chain, SoFi gains real-time visibility into payment activity and eliminates several intermediaries that add cost and latency to conventional card processing.

Industry analysts see the move as validation that stablecoins can function as practical alternatives to legacy payment rails rather than purely speculative crypto assets. The $25 billion annualized volume figure positions SoFi among the most significant real-world stablecoin deployments to date, rivaling settlement volumes handled by some smaller card networks. Executives have indicated that blockchain settlement also opens the door to programmable payment features, including automated rewards distribution and conditional merchant payouts.

The tie-up underscores a broader trend of fintech firms embedding stablecoin infrastructure directly into core products rather than treating it as an experimental add-on. As regulatory clarity around stablecoins continues to evolve in the United States, SoFi's full-stack approach — issuing its own stablecoin, operating its own card program, and settling on its own blockchain rails — could become a blueprint for other financial institutions weighing similar migrations.