SoFi has shifted its entire card program to a blockchain-based settlement system utilizing its own stablecoin, SoFiUSD. This move is expected to handle over $25 billion in annualized transaction volume, according to CoinTelegraph.
The adoption of SoFiUSD for card settlements represents a significant step toward integrating blockchain technology into mainstream financial services. By leveraging its stablecoin, SoFi aims to enhance transaction efficiency and transparency across its payment network.
For Japanese investors and market participants, this development highlights the growing global trend of incorporating digital assets and blockchain solutions within traditional finance, a sector that Japan has also been actively exploring through regulatory frameworks and fintech innovation.