SoFi Launches First Stablecoin Issued by a U.S. National Bank to 14.7 Million Members
SoFi Technologies has made its U.S. dollar-pegged stablecoin, SoFiUSD, available in the SoFi app to its 14.7 million members, allowing users to buy, sell, hold and convert the token. The stablecoin initially runs on the Ethereum and Solana blockchains.
SoFi said the launch marks the first stablecoin issued by a U.S. nationally chartered bank to be embedded in a retail banking interface. The company said it plans in the coming weeks to add FDIC-insured tokenized deposits, cross-border transfers and a Bullish exchange integration for institutional clients.
From the sources (7 posts)
@theblockcoSoFi rolls out SoFiUSD stablecoin to banking app users
@kalshi_cryptoJUST IN: US bank SoFi officially SoFi launches its own stablecoin to 15,000,000 users
@cointelegraph🔥 JUST IN: $53B SoFi launched the first stablecoin issued by a U.S. national bank, live on Ethereum and Solana.
@wublockchainSoFiUSD Is Now Live in the SoFi App for 14.7 Million Members 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 t
@tolyRT @solana: Most modern business banking simply interfaces on top of other banks' APIs, which means it inherits every limitation of the old…
@mert@solana @SoFi trillions
@kylesamaniLet’s go!