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SoFi Launches SoFiUSD Stablecoin to 14.7 Million Users
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
SoFi Technologies has launched its U.S. dollar-backed stablecoin, SoFiUSD, inside the SoFi app for its 14.7 million members. Users can now buy, sell, hold, and convert the stablecoin directly through the retail banking interface. SoFi said the launch marks the first stablecoin issued by a U.S. nationally chartered bank to be integrated into a consumer banking app. The token initially operates on Ethereum and Solana, with plans to expand into tokenized deposits, cross-border payments, and institutional trading integrations through Bullish.
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