SoFi Launches SoFiUSD Stablecoin to 14.7M Banking App Members

SOFI2.5%
ETH-2%
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According to The Block, SoFi Technologies today launched SoFiUSD, a dollar-anchored stablecoin, to its 14.7 million members through its banking application. Users can directly buy, sell, hold, and convert SoFiUSD within the SoFi app, marking the first stablecoin issued by a U.S. national bank and embedded in a retail banking interface. SoFiUSD operates on Ethereum and Solana blockchains. SoFi plans to integrate tokenized deposits with FDIC insurance, cross-border transfers, and has partnered with Mastercard to use SoFiUSD as a settlement currency across its global network.
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