SoFi brings bank-issued stablecoin to 15 million users in crypto push
CoinDesk
SoFi has launched its dollar-backed stablecoin, SoFiUSD, offering 15 million retail banking users direct access to blockchain-based payments.Summary
SoFi has become the first U.S. national bank to offer a stablecoin, SoFiUSD, directly to retail customers on a public blockchain. Available on Ethereum and Solana, the stablecoin is redeemable 1:1 for U.S. dollars through SoFi Bank. By leveraging its status as a nationally chartered bank, SoFi aims to provide a regulated alternative to existing crypto-native stablecoins like Tether and Circle, focusing on use cases such as cross-border payments and B2B transactions. Future updates are expected to include tokenized deposits with interest-earning potential and FDIC insurance, with full access planned for all users by early June.
(Source：CoinDesk)