SoFi Integrates First U.S. Bank-Issued Stablecoin into App for 15 Million Users
SOFI•SOFI•SOFI•SOFI•SoFi Technologies has integrated SoFiUSD stablecoin into its banking app for nearly 15 million members, making it the first U.S. national bank-issued stablecoin on a banking platform. SoFiUSD is 1:1 dollar-backed, supported by liquid assets with CPA attestations, and will be fully available by early June.
SoFi has embedded SoFiUSD directly into its banking app used by nearly 15 million members, marking the first instance of a U.S. national bank issuing a stablecoin accessible on a consumer banking platform.
SoFiUSD is issued by SoFi Bank, N.A., and is designed to be redeemable 1:1 for U.S. dollars, backed by liquid assets with periodic CPA attestations, and is available on Ethereum and Solana networks.
Full availability of SoFiUSD is expected by early June, with future plans including conversion into tokenized deposits offering interest and FDIC insurance, cross-border value transfers, and an institutional exchange on Bullish.
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