[SoFi Migrates Card Business with Annualized Volume Over $25 Billion to SoFiUSD Settlement] Odaily Planet Daily reports that digital bank SoFi has begun settling debit and credit card transactions via the stablecoin SoFiUSD in partnership with Mastercard, and plans to migrate its entire card business to this system. The card business is expected to process an annualized transaction volume exceeding $25 billion. SoFi stated that cardholders can continue using their cards as usual, with blockchain-based settlement occurring in the background to expedite transaction processing. This arrangement does not remove intermediaries such as Mastercard and banks from the card settlement process but instead provides an alternative blockchain settlement channel. (Cointelegraph)