SoFi Explores Stablecoin Payments With Large Card Portfolio

Sunday, October 4, 2026·Consolidated from 1 source

SoFi Technologies is reportedly considering a significant shift for its $25 billion card portfolio. The company is looking into issuing cards backed by stablecoins, a move that could alter its investment profile. This potential change involves partnering with Mastercard.

SoFi Technologies is reportedly evaluating a major strategic move that could impact its substantial card portfolio. The fintech company, which manages approximately $25 billion in card assets, is said to be exploring the possibility of issuing cards backed by stablecoins.

This potential shift represents a notable departure from traditional payment rails and could signal a new direction for SoFi's financial services offerings. Coverage today indicates that this initiative would involve the company's partnership with Mastercard. The implications of such a move are being closely watched, particularly regarding its potential to reshape how SoFi is viewed by investors.

The exploration into stablecoin-backed cards suggests SoFi is actively seeking innovative ways to leverage emerging digital currency technologies within its existing customer base. While details remain scarce, the scale of the card portfolio involved means any transition would be a significant undertaking, potentially creating new avenues for transactions and financial management for its users.

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