SoFi shifts its $25 billion card program to blockchain settlement using the SoFiUSD stablecoin, signaling a major push into real-world digital asset utility.
SoFi is moving its entire card program to blockchain-based settlement using its SoFiUSD stablecoin, with over $25 billion in expected annualized volume, indicating business expansion and innovation.
SoFiUSD is being adopted as the settlement rail for SoFi's card program, demonstrating real-world utility for stablecoins.
SoFi Technologies is transitioning its entire card program to blockchain-based settlement, leveraging its proprietary SoFiUSD stablecoin. The move is expected to handle over $25 billion in annualized transaction volume, marking a significant step in integrating digital assets into core financial infrastructure.
The transition allows SoFi to utilize its SoFiUSD stablecoin for settlement, potentially increasing efficiency and reducing costs for over $25 billion in annual transaction volume.