SoFi rolls out SoFiUSD stablecoin to banking app users
SoFi has launched its SoFiUSD stablecoin directly within its banking app, bridging regulated banking infrastructure with blockchain-based settlement rails.Summary
SoFi Technologies has integrated its U.S. dollar-pegged stablecoin, SoFiUSD, into its banking application, allowing its 14.7 million members to buy, sell, and hold the asset alongside traditional banking services. This development marks the first instance of a U.S. national bank-issued stablecoin embedded in a retail interface. Operating on Ethereum and Solana, the stablecoin is part of SoFi's broader strategy to modernize financial services by combining regulated banking with the efficiency of blockchain settlement.
Looking ahead, SoFi plans to expand the initiative to include FDIC-insured tokenized deposits and cross-border transfer capabilities. Additionally, the company has partnered with Mastercard to utilize SoFiUSD for global payment network settlements, aiming to provide a seamless financial ecosystem that eliminates the need for users to choose between traditional banking and digital assets.
(Source：The Block)