On September 22, SoFi Technologies Inc. rose 5.95% in pre-market trading, trading at approximately $17.98 per share, with turnover of $32.37 million.

The move was driven by SoFi Technologies Inc. and Mastercard jointly announcing that stablecoin settlement functionality has officially gone live, now fully covering SoFi Bank's debit and credit card programs. The milestone marks a substantive step in merging digital assets with traditional payment infrastructure. When users transact with SoFi Bank-issued cards, the stablecoin settlement channel is activated, introducing a new layer of efficiency to the entire payment process.

This development builds on a series of strategic moves by SoFi in the stablecoin space. Earlier, the company launched its proprietary stablecoin SoFiUSD directly to approximately 15 million users on its app, and subsequently partnered with Payward, Kraken's parent company, to list the bank-issued stablecoin on Kraken's multi-asset trading platform. The Mastercard integration represents the commercial operationalization of these prior efforts, bridging digital asset settlement into everyday card-based payments.

Within the Consumer Finance sector, American Express rose 0.7%, Upstart Holdings rose 2.28%, Capital One was flat, Synchrony fell 0.11%, and Figure Technology Solutions fell 0.64%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)