SoFi launches stablecoin SoFiUSD to modernize banking and fintech payment transactions

Catenaa, Sunday, 12/28/2025 – SoFi Technologies officially launches SoFiUSD, a fully collateralized stablecoin pegged to the US dollar and issued by SoFi Bank. This is the first time a national bank has issued a stablecoin on a public blockchain without requiring a license.

SoFiUSD is designed as a payment and settlement infrastructure for banks, fintech companies, and enterprise platforms, enabling near-instant transactions with minimal costs. In the initial phase, this stablecoin will be deployed on the Ethereum network and can be expanded to other blockchains in the future. Partners can integrate SoFiUSD into existing systems or issue “white-label” stablecoins based on SoFi’s standard banking infrastructure.

SoFiUSD is collateralized 1:1 by cash deposits held at SoFi’s account with the Federal Reserve, eliminating liquidity and credit risks, while also generating yields that can be shared with partners. This stablecoin aims for various applications, from cryptocurrency trading, retail payments, international remittances, to network settlement, as more financial companies push to adopt stablecoins to modernize financial infrastructure.