[SoFi Enables SoFiUSD Stablecoin Settlement on Mastercard Network, Annualized Volume Expected to Exceed $25 Billion] According to The Block, SoFi has begun using SoFiUSD to settle debit card and credit card transactions on the Mastercard network and plans to migrate its entire card program to blockchain settlement, with an annualized processing volume expected to exceed $25 billion. SoFi claims to be the first bank to launch stablecoin settlement on the Mastercard network.