SoFi to launch SoFiUSD stablecoin on Solana as bank expands crypto payments push
SoFi is expanding its SoFiUSD stablecoin to the Solana blockchain to leverage the network's high speed and low costs for digital payments.Summary
SoFi has announced the expansion of its SoFiUSD stablecoin to the Solana blockchain, citing the network's superior settlement speed, low costs, and high throughput as key factors for its payments strategy. Originally launched in December 2025, SoFiUSD is a fully reserved US dollar stablecoin issued by SoFi Bank, N.A., and is intended for use by banks, fintechs, and enterprise platforms for services like remittances and 24/7 settlement.
This move aligns with SoFi’s broader effort to integrate digital assets into its banking ecosystem, following its 2025 return to the crypto market. The expansion follows a strategic partnership with Mastercard, which allows SoFiUSD settlement across Mastercard’s payment network. SoFi maintains that it is the first nationally chartered, FDIC-insured bank to issue a stablecoin on a public permissionless blockchain.
(Source：Crypto Briefing)