2026-05-05 19:21:06
SoFi to Launch SoFiUSD Stablecoin on Solana on Tuesday, Citing Lower Costs and Faster Settlement
SoFi Technologies announced on Tuesday that it will begin issuing its SoFiUSD stablecoin on Solana. Ben Reynolds, SoFi's head of big business banking, said the chain is optimal for payments due to lower costs, faster settlement speeds, and higher throughput. SoFiUSD, a fully reserved U.S. dollar sta