SoFi Bank and Mastercard officially launched SoFiUSD stablecoin settlements for SoFi Bank's debit and credit card programs on September 22, putting their March plans into action. SoFi expects the card program's annualized transaction volume to exceed $25 billion once the full migration is complete, but has not yet disclosed the actual amount settled via SoFiUSD. This stablecoin settlement solution is designed to allow participating merchants to receive USD in their bank accounts without holding tokens, while cardholders can continue to use their existing cards.