SoFi rolls out SoFiUSD stablecoin to 14.7 million app users
SoFi has launched its SoFiUSD stablecoin to 14.7 million users, marking a significant development in the stablecoin market. This stablecoin is unique as it is issued by a US national bank and is fully backed by cash reserves at the Federal Reserve. SoFiUSD aims to provide faster transaction speeds and lower costs, positioning itself as a key infrastructure for banks and fintech companies.
- ▪SoFiUSD is the first stablecoin issued by a US national bank on a public blockchain.
- ▪The stablecoin is fully backed 1:1 by cash reserves held at the Federal Reserve.
- ▪SoFiUSD supports mint and burn operations on both Ethereum and Solana.
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SoFi rolls out SoFiUSD stablecoin to 14.7 million app users The first stablecoin issued by a US national bank on a public blockchain is now heading to retail customers across Ethereum and Solana. Share Add us on Google by Editorial Team May. 27, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); A fintech company with a banking charter just did what Tether and Circle never could: issue a stablecoin with the full weight of a US…
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