SoFi becomes first US national bank to launch a stablecoin in a consumer app
SoFi has launched SoFiUSD, the first stablecoin issued by a US national bank, available in its consumer app. This stablecoin is redeemable 1:1 for US dollars and is backed by liquid assets, making it distinct from other crypto-based tokens. The launch signifies a significant step in SoFi's digital assets strategy and has positively impacted its stock price.
- ▪SoFiUSD is now live for approximately 14.7 million members on the Ethereum blockchain.
- ▪The stablecoin is issued by SoFi Bank, N.A., which is regulated by the Office of the Comptroller of the Currency.
- ▪SoFiUSD's market capitalization on Ethereum surpassed $100 million shortly after its launch.
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SoFi becomes first US national bank to launch a stablecoin in a consumer app SoFiUSD, redeemable 1:1 for dollars and backed by liquid assets, is now live for nearly 15 million members on Ethereum. Share Add us on Google by Editorial Team May. 30, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); A fintech company that started by refinancing student loans just became the first US national bank to put a stablecoin directly into a…
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