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…
Blockchain and Cryptocurrency: People, Culture and Tech