SoFi Enters Stablecoin Race With Bank-Issued US Dollar-Backed Token

SoFi has launched SoFiUSD, a fully reserved U.S. dollar stablecoin issued by its nationally chartered bank, pushing a regulated lender directly into the fast-evolving world of onchain settlement. SoFi Brings Stablecoins Inside the Banking Perimeter SoFiUSD is designed to support 24/7, near-instant settlement for banks, fintechs, and enterprise partners using a public, permissionless blockchain, according […]