SoFi, the first U.S. nationally chartered and FDIC-insured bank to issue a stablecoin on a public blockchain, has partnered with Mastercard to use SoFiUSD for global payment settlements. Launched in December 2025 and fully backed by cash reserves, SoFiUSD enables instant 24/7 transactions for businesses, cross-border remittances, and B2B payments. SoFi CEO Anthony Noto called it a key step toward faster, cheaper, and safer money movement, while Mastercard highlighted how it combines regulated digital currency with its trusted scale amid $30 billion in daily stablecoin volume.