Catenaa, Sunday, December 28, 2025- SoFi Technologies has launched SoFiUSD, a fully reserved US dollar stablecoin issued by SoFi Bank, marking the first time a national bank has issued a stablecoin on a public, permissionless blockchain.
The stablecoin aims to provide settlement and payment infrastructure for banks, intechs, and enterprise platforms, enabling near-instant transactions at minimal cost.
Initially deployed on Ethereum, SoFiUSD may expand to other networks. Partners can integrate the stablecoin into existing payment and settlement flows or issue their own white-label stablecoins using SoFi’s bank-grade infrastructure.
The stablecoin is fully backed 1:1 by cash reserves held at SoFi’s Federal Reserve account, eliminating liquidity and credit risk while generating yield that can be shared with partners.
SoFiUSD is expected to support a range of use cases, including crypto trading, card network settlements, retailer payments, international remittances, point-of-sale transactions, and platform partner payments.
The firm highlighted that its national bank charter combined with onchain transparency offers a safer, faster, and more efficient method of moving funds.
The launch builds on SoFi’s recent expansion into crypto services, including SoFi Crypto, which allows members to buy, sell, and hold nearly 30 cryptocurrencies directly through the app following a phased rollout.
The initiative follows broader industry trends as fintech and payment firms, including Klarna, Western Union, and Stripe, pursue stablecoin solutions to modernize financial infrastructure.
