U.S.-licensed bank SoFi has launched its dollar-stablecoin, SoFiUSD, within its banking app. Users can buy, sell, hold, and exchange the token directly within the same app, without needing to switch to a separate cryptocurrency exchange. The report notes that SoFi currently has approximately 14.7 million members.
Connect to your bank app and two public blockchains
SoFiUSD is pegged to the US dollar and designed to maintain a 1:1 redemption rate. SoFi states that the circulating SoFiUSD is backed by liquid assets. The stablecoin will initially launch on Solana and Ethereum, with plans to expand to additional networks in the future.
The special aspect of this launch is that SoFiUSD appears directly in the banking app面向 retail users. The article states that this is the first stablecoin product issued by a U.S. national bank and offered within a consumer banking platform.
SoFi continues to advance on-chain financial services.
Over the past year, SoFi has consistently integrated its digital asset business into its licensed banking framework. In 2022, SoFi obtained a national bank charter by acquiring Golden Pacific Bancorp and receiving approval from the Office of the Comptroller of the Currency. The launch of SoFiUSD continues this strategy of embedding on-chain services into traditional banking products.
- In November 2025, SoFi will allow users to directly purchase BTC, ETH, and SOL.
- In March 2026, SoFi and Mastercard announced a stablecoin settlement partnership.
- In April 2026, SoFi launched its business banking platform, Big Business Banking.
Among them, the enterprise banking platform integrates both fiat and crypto services. SoFi states that the platform uses Solana infrastructure to handle enterprise fiat and stablecoin transactions, aiming to bring traditional banking channels and on-chain settlement into a single environment.
Solana gains further adoption in banking scenarios
This is also a new milestone in institutional adoption for Solana. SoFi has included Solana as one of the first supported networks for SoFiUSD, signaling that this public blockchain continues to integrate into the real-world operations of regulated financial institutions.
The article also notes that SoFi has offered direct Solana purchases through its retail banking channels since November 2025. As stablecoins and corporate banking services continue to be integrated, the range of use cases for Solana within SoFi’s ecosystem is expanding.
Interest-bearing functionality will be added later.
SoFi CEO Anthony Noto responded to a user question on social media, stating that SoFiUSD currently does not offer interest, but the feature is “coming soon.” He also shared a preview of a tokenized deposit feature.
According to the article, users will soon be able to convert their SoFiUSD balances into tokenized deposits, continuing to enjoy FDIC insurance and earning interest within applicable limits. This also means that SoFi’s future product focus will not only be on enabling stablecoin trading within the app, but also on further integrating stablecoins with banking deposit functionalities.