News from the Wire

Stablecoin settlement moves beyond the pilot stage

Friday, September 25, 2026 — 15:55:15 (UTC)

Stablecoin settlement just moved beyond the pilot stage

San Francisco, Sept. 25, 2026—SoFi Bank has become the first national bank to go live with stablecoin settlement across Mastercard's global payments network, migrating its full debit and credit card programme to blockchain-based settlement using SoFiUSD. The programme is expected to process more than $25 billion in annualised volume. Radi El Haj, CEO of RS2, comments:

“Stablecoins have spent much of the past few years being discussed as something financial institutions are testing or preparing for. What makes this development significant is that SoFi is moving an existing card programme into live stablecoin settlement at meaningful scale.

“The important point is not simply that a stablecoin is being used, it’s that the technology is being integrated into payment infrastructure that banks, merchants and consumers already use. Customers can continue paying by card and merchants do not suddenly need to become blockchain specialists. The change is happening deeper within the settlement layer.

“That is often how new payment technologies reach genuine adoption. They become useful when institutions can introduce them without dismantling systems and processes that already work. We have seen the same principle with tokenisation and other developments across payments: integration matters more than novelty.

“For banks watching from the sidelines, the question is less if new settlement models will reach their card programmes but whether their issuing, clearing and ledger infrastructure can absorb them without a rebuild. Institutions running rigid, siloed core platforms will find that every new rail becomes another major integration project. Those that have modernised their processing core will be able to adopt it as configuration rather than reconstruction.”

ENDS

About RS2

RS2 is a global, cloud-native payments technology provider delivering end-to-end issuing and acquiring on a single platform. Through its BankWORKS® platform, processing services via RS2 SmartProcessing® and licensing and regulatory enablement via Beyond by RS2®, RS2 enables banks, financial institutions and payments companies to modernise their payments infrastructure and scale internationally. www.rs2.com

Notice to readers: These are archived articles. Contact information, links and other details may be out of date. We regret any inconvenience.

Source: Company press release.

Categories: Announcement