SoFi to Move Card Program to Blockchain Settlement Using SoFiUSD

SoFi is expanding its digital-asset and payments operations by moving its entire card program to blockchain-based settlement through its SoFiUSD stablecoin. The company expects the initiative to process more than $25 billion in annualized volume.

Blockchain-Based Card Settlement

The transition will use SoFiUSD as the settlement asset for the company’s card program. Stablecoins are digital tokens designed to maintain a stable value, typically by being linked to a fiat currency such as the U.S. dollar.

By using blockchain infrastructure for settlement, SoFi is positioning stablecoins as an alternative rail for moving and reconciling payments. The company’s projected annualized volume indicates that the program could become a significant part of its broader payments strategy.

Broader Payments Strategy

The move represents a deeper push by SoFi into blockchain-enabled financial services. Rather than limiting its use of digital assets to trading or transfers, the company is applying stablecoin technology to a core payments operation.