SoFi Bank Launches SoFiUSD Stablecoin on Ethereum

KuCoinFlash

Release Time:12/18/2025 13:13:50

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SoFi Bank has launched SoFiUSD, a dollar-backed stablecoin with 1:1 cash reserves, now live on the Ethereum blockchain. This is the first time a national U.S. bank has issued a stablecoin on a public blockchain. SoFiUSD enables 24/7 near real-time, low-cost settlement for banking, fintech, and project partners. The stablecoin supports card networks, retail settlements, SoFi Pay cross-border remittances, and POS payments. SoFi plans to expand access to its users later this year, joining other institutions like Klarna, Western Union, and Stripe in launching their own stablecoins.

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