SoFi Brings Bank-Issued Stablecoin to 15 Million Users in Crypto Push
SoFi becomes the first U.S. national bank to offer a retail stablecoin on a public blockchain, with nearly 15 million members gaining app access.
- On Wednesday, SoFi Technologies rolled out SoFiUSD to nearly 15 million banking app users, becoming the first U.S. national bank to offer a stablecoin directly to retail customers on a public blockchain.
- Banks are moving into blockchain-based payments as U.S. regulators establish stablecoin rules, with SoFi CEO Anthony Noto targeting uses beyond crypto trading and DeFi.
- SoFiUSD is positioned as a "bank-grade," 1:1 redeemable stablecoin available on Ethereum and Solana, offering the trust and regulatory oversight that crypto-native issuers cannot provide.
- Full availability arrives in early June as members update the SoFi app, while the company plans 24/7 cross-border transfers and institutional trading through Bullish.
- Earnings on July 28, 2026 present the next major catalyst as analysts maintain a Buy rating with $18.69 price target and revenue estimated at $1.12 billion, up from $858.23 million year-over-year.
30 Articles
30 Articles
SoFi Technologies Launches SoFiUSD Stablecoin On Ethereum And Solana, Sending (NASDAQ: SOFI) Stock Higher
SoFi Technologies (NASDAQ: SOFI) launched SoFiUSD on Wednesday, describing it as the first stablecoin issued by a U.S. national bank, operating on the Ethereum and Solana blockchains. The stablecoin is redeemable 1:1 for U.S. dollars from SoFi Bank and is backed by regular independent attestations from a U.S.-licensed CPA. SOFI shares gained over 2% at market open following the announcement, while retail sentiment on Stocktwits moved from “beari…
SoFi Brings Access To New Digital Dollar Stablecoin - SoFi Technologies (NASDAQ:SOFI)
SoFi Technologies, Inc. (NASDAQ:SOFI) stock is trading higher on Wednesday as traders react to a bank-issued U.S. dollar stablecoin now available directly in the SoFi app. What Is the Catalyst for SoFi's Stock Today? SoFi says SoFiUSD is now available for members to buy, sell, hold, and convert directly within the SoFi app, calling it the first time a U.S. national bank-issued stablecoin is available directly on a banking app. The company also s…
Banking App Stablecoins: Why Retail Crypto Dollars Need Utility After Launch
Retail customers are finally seeing stablecoins appear inside their everyday banking and payments apps. That’s a milestone—but it’s only the first step. Turning a launch into durable, habit-forming utility is the harder, more important challenge. On May 27, 2026, Block’s Cash App began a phased roll...
SoFiUSD Becomes the First Stablecoin Issued by a U.S. National Bank to Launch on a Banking Platform
SoFi Technologies, Inc., a member-centric, everything app for digital financial services, announced today that SoFiUSD, a bank-issued U.S. dollar stablecoin, is available for SoFi members to buy, sell, hold, and convert directly within the SoFi app. This marks the first time that a U.S. national bank-issued stablecoin is available directly on a banking app. By expanding SoFiUSD to its nearly 15 million members, SoFi is building the bridge betwee…
SoFi Launches SoFiUSD Stablecoin on Ethereum and Solana
SoFi just made one of the most significant moves a traditional fintech company has attempted in the crypto space. In early 2026, SoFi launched its own dollar-backed stablecoin, SoFiUSD, deploying it across both Ethereum and Solana networks. This isn’t a crypto-native startup experimenting with tokenized dollars: it’s a publicly traded, bank-chartered financial institution with over 15 million members placing a direct bet on blockchain-based paym…
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