SoFi Technologies said its U.S. dollar-pegged stablecoin SoFiUSD is now available in the SoFi app to its 14.7 million members, allowing use…
SoFi Technologies said its U.S. dollar-pegged stablecoin SoFiUSD is now available in the SoFi app to its 14.7 million members, allowing users to buy, sell, hold and convert the token.
SoFi said this marks the first stablecoin issued by a U.S. nationally chartered bank to be embedded in a retail banking interface. SoFiUSD initially runs on Ethereum and Solana. The company plans to add FDIC-insured tokenized deposits, cross-border transfers and a Bullish exchange integration for institutional clients in the coming weeks.
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