U.S. National Bank SoFi Launches SoFiUSD Stablecoin on Ethereum

KuCoinFlash

Release Time:12/18/2025 13:17:17

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U.S. national bank SoFi Bank has launched SoFiUSD, a dollar-backed stablecoin with 1:1 cash reserves, on the **blockchain**. The stablecoin is designed for 24/7, low-cost settlement for banks, fintechs, and enterprise partners, with plans to expand to SoFi users. Reserves are held in a Federal Reserve account, allowing shared interest and support for partner white-label issuance or direct integration into settlement and payment processes. The stablecoin will also support card networks, retail settlements, SoFi Pay cross-border remittances, and POS payments. This year has seen multiple institutions advancing stablecoin initiatives, including KlarnaUSD, Western Union's USDPT, and Stripe's USDB.

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