Mastercard has expanded its collaboration with SoFi Technologies to support SoFiUSD, a fully reserved U.S. dollar stablecoin, as a settlement option on its global payments network. This move enables both issuers and acquirers to process card transactions through a blockchain-based system rather than relying solely on traditional banking channels.

By integrating SoFiUSD via the Mastercard Multi-Token Network, the company aims to speed up settlement times for cross-border and business-to-business transfers, reduce liquidity constraints, and offer more flexible payment flows. This blockchain approach addresses key friction points in international payments where settlement speed and consistent liquidity are critical.

The stablecoin integration positions Mastercard at the forefront of digital asset adoption, opening the door to incremental revenue from next-generation settlement services. As institutional acceptance of tokenized dollars grows, Mastercard stands to strengthen its transaction ecosystem and compete more directly with rivals enhancing tokenization and real-time capabilities.