SoFi Selects BitGo to Launch Bank-Issued Stablecoin SoFiUSD
Cointelegraph
SoFi chose BitGo to provide infrastructure for its new bank-issued, US dollar-pegged stablecoin, SoFiUSD.Summary
SoFi Technologies has partnered with digital asset custodian BitGo to support the launch of its bank-issued stablecoin, SoFiUSD. BitGo will supply infrastructure services via its “stablecoin-as-a-service” platform, facilitating the issuance of SoFiUSD and connecting it with exchanges and payment providers. SoFiUSD is notable as the first stablecoin issued by a US nationally chartered and insured deposit bank on a public, permissionless blockchain. This move aligns with a broader industry trend in the US toward regulated digital dollar infrastructure, especially following the passage of legislation establishing a federal framework for payment stablecoins.
(Source：Cointelegraph)