Mastercard Integrates SoFiUSD Stablecoin; Block Q4 Revenue Up 3.6% with 4,000 Job Cuts
Mastercard expanded its Multi-Token Network to settle card transactions using SoFiUSD stablecoin on its global payments network, enabling faster cross-border and B2B settlements. Block’s Q4 revenue rose 3.6% to $6.25B with EPS up 38.3% at $0.65, cut headcount by 4,000 and lifted 2026 gross profit forecast to $12.2B, intensifying competition for PayPal.
1. Mastercard SoFiUSD Integration
Mastercard has expanded its partnership with SoFi to integrate SoFiUSD, a fully reserved U.S. dollar stablecoin, onto the Mastercard Multi-Token Network, allowing issuers and acquirers to settle card transactions using blockchain rails for faster cross-border and B2B payments.
2. Block Q4 Results and Outlook
Block’s fourth quarter of 2025 saw net revenue climb 3.6% to $6.25 billion with adjusted EPS rising 38.3% to $0.65, supported by strong Cash App growth; the firm cut over 4,000 roles and raised its 2026 gross profit forecast to $12.2 billion.
3. Competitive Implications for PayPal
These developments could intensify competition in digital payments, as Mastercard’s blockchain settlement option and Block’s robust performance signal new threats to PayPal’s cross-border volume, transaction fees and market share in both merchant and consumer segments.