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<p>SoFi, a financial technology firm, is continuing to explore the digital asset space with the launch of its stablecoin <a href="https://www.sofi.com/crypto/sofiusd/" rel="noopener noreferrer nofollow">SoFiUSD</a> directly in its consumer banking application. The rollout provides almost 15 million members with the capability to purchase, sell, hold, and exchange the dollar-backed token on the same platform they regularly use to bank, invest, and borrow.</p>
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  <p>LATEST: <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f3e6.png" alt="🏦"> SoFi has launched SoFiUSD in its consumer app, making the stablecoin available to nearly 15 million members. <a href="https://t.co/8nEpYot4EF" rel="noopener noreferrer nofollow">pic.twitter.com/8nEpYot4EF</a></p>— <a href="https://coinmarketcap.com/invite?ref=B6ERY6NM" rel="noopener noreferrer nofollow">CoinMarketCap</a> (@<a href="https://coinmarketcap.com/invite?ref=B6ERY6NM" rel="noopener noreferrer nofollow">CoinMarketCap</a>) <a href="https://x.com/CoinMarketCap/status/2059762869713977458?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 27, 2026</a>
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<p>The launch is a significant step for the U.S. banking industry. SoFiUSD will be the first stablecoin released by a U.S. national bank to be accessible straight from a banking application, according to the company. The token is offered by SoFi Bank, N.A., which is regulated by the Office of the Comptroller of the Currency (OCC).</p>
<p>SoFiUSD is now live on both the <a href="https://coinstats.app/coins/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a> and <a href="https://coinstats.app/coins/solana/" rel="noopener noreferrer nofollow">Solana</a> mainnets, enabling users to transfer funds at any time with quicker settlement times than conventional banking systems. Every token is backed by liquid reserves and is 1:1 redeemable with U.S. dollars.</p>
<h2 id="sofi-expands-crypto-ambitions">SoFi Expands Crypto Ambitions</h2>
<p>SoFiUSD was initially created for enterprise and institutional payments and transactions in the latter part of 2025. This new deployment extends the stablecoin’s accessibility to retail customers, reflecting the company’s broader vision to integrate traditional banking with blockchain-based finance.</p>
<p>The idea is to marry the trust and regulation of a bank with the speed of blockchain technology, CEO Anthony Noto said. The company will also be rolling out other new features in the near future, such as tokenized deposits that would enable customers to earn interest without putting their funds at risk of losing FDIC coverage.</p>
<p>SoFi also announced its plans to provide cross-border payments on the blockchain rails 24/7, which means the fintech could be a more serious player in the <a href="https://www.cryptobreaking.com/mastercard-adds-sofiusd-as-settlement/" rel="noopener noreferrer nofollow">digital payments sector</a>.</p>
<h2 id="stablecoin-competition-continues-to-grow">Stablecoin Competition Continues to Grow</h2>
<p>The launch coincides with the rising popularity of stablecoins in both the crypto and traditional finance worlds. After the GENIUS Act was passed in the United States, setting clearer regulatory guidelines for stablecoin issuers, the industry’s momentum picked up.</p>
<p>Companies are vying to gain entry into the mainstream of consumer finance, while stablecoins have already become commonplace in the realm of trading and settlements. Recently, a few fintech companies and even <a href="https://med.etoro.com/B10215_A127826_TClick_Scb-Visa.aspx?TargetURL=https://www.etoro.com/markets/V" rel="noopener noreferrer nofollow">Visa</a> and <a href="https://med.etoro.com/B10215_A127826_TClick_Scb-Mastercard.aspx?TargetURL=https://www.etoro.com/markets/MA" rel="noopener noreferrer nofollow">Mastercard</a> have been increasing their efforts to diversify into stablecoin projects, due to the growing need for more efficient and on-demand payment solutions.</p>
<h2 id="conclusion">Conclusion</h2>
<p>The transaction from SoFi is one of the latest examples of the increasing involvement of traditional financial institutions in the stablecoin industry. SoFiUSD is pushing to make blockchain payments mainstream while keeping the processes familiar to consumers as they are in traditional banking, by simply integrating the platform into its banking app. SoFi’s growth is a promising sign of larger-scale mainstream use of bank-issued digital dollars as competition hits the stablecoin market.</p>
<p>This article was originally published as <a href="https://www.cryptobreaking.com/sofi-brings-bank-issued-stablecoin/?utm_source=rss&amp;utm_medium=syndication&amp;utm_campaign=article_footer" rel="noopener noreferrer nofollow">SoFi Brings Bank-Issued Stablecoin to Nearly 15 Million Users</a> on <a href="https://www.cryptobreaking.com/?utm_source=rss&amp;utm_medium=syndication&amp;utm_campaign=article_footer" rel="noopener noreferrer nofollow">Crypto Breaking News</a> – your trusted source for crypto news, Bitcoin news, and blockchain updates.</p>

SoFi Brings Bank-Issued Stablecoin to Nearly 15 Million Users

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