SoFi Technologies announced today that it has made its SoFiUSD stablecoin available to its nearly 15 million members directly within its digital financial services app.
It is the first time that a U.S. national bank-issued stablecoin is available directly within a banking app, the company said in a statement.
SoFiUSD will operate on Ethereum and Solana, with more blockchains to come.
Calling the launch a bridge between traditional banking and digital assets, SoFi said that it is helping to make digital financial tools “more accessible, practical, and trustworthy” by integrating blockchain technology into its banking ecosystem. The plan is to combine regulated banking infrastructure with onchain settlement rails in a single consumer interface.
“At SoFi, we believe we can combine the speed and versatility of the blockchain with the trust of a bank to improve how money moves around the world,” said Anthony Noto, CEO of SoFi. “People no longer have to choose between blockchain technology and regulated banking products. With SoFiUSD, we’re giving our members a single place to buy, hold, and pay with digital assets in the same app they already use to save, spend, borrow, and invest.”
The company said the launch is the first phase of a broader plan to integrate stablecoins into the entire SoFi ecosystem over the coming weeks. This will include allowing members to convert their stablecoins into tokenized deposits, giving access to interest (or yield) and FDIC insurance on their deposits. It will also let members send funds across borders near-instantly, anytime, at a far lower cost than traditional banking rails.
SoFi also intends to launch SoFiUSD on its centralized exchange partner Bullish to provide seamless trading for institutional clients.
The backing reserves for SoFiUSD are held in dollars at the SoFi Federal Reserve account, eliminating liquidity and credit risk and generating yield, the firm said in December at the stablecoin’s launch.
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May 5, 2026 -
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