SoFi (SOFI) shares closed 1.2% higher at $18.61 on Tuesday after the company said it will allow its SoFiUSD stablecoin to be used as a settlement option across the Mastercard (MA) payments network. The move expands SoFi’s tie-up with Mastercard and brings its digital dollar into one of the world’s largest card systems.
SoFiUSD is issued by SoFi Bank, and is backed one-to-one by cash. It runs on a public blockchain. The company said it plans to use SoFiUSD to settle its own credit and debit card transactions that run on the Mastercard network.
SoFi and Mastercard will also explore letting other issuers and acquirers settle payments with SoFiUSD. That may include cross-border transfers and business payments. The stablecoin is expected to be supported on Mastercard’s Multi-Token Network, which links digital assets with card systems.
Galileo, SoFi’s tech unit, is expected to be among the first to offer this option to its card clients and partner banks.
With SoFiUSD, card transactions could be completed around the clock instead of waiting on traditional bank hours. The companies said stablecoin payments now total about $30 billion per day, and issuance doubled last year.
The deal places a bank-issued stablecoin inside a global card network and adds a new digital layer to SoFi’s payments business.
SoFi recently posted better-than-expected Q4 2025 earnings, with revenue exceeding $1 billion, which helped improve sentiment around the stock. The company has continued to focus on member growth, product expansion, and improving profitability, which remain key drivers for the stock.
According to TipRanks’ consensus, SOFI stock has a Hold consensus rating based on five Buys, seven Holds, and three Sells assigned in the last three months. At $25.96, the average SoFi stock price target implies a 39.49% upside potential.
