SoFi Technologies launched SoFiUSD, a bank issued US dollar stablecoin that allows members to buy, sell, hold, and convert the asset directly inside the SoFi app.
Say “hi” to SoFiUSD (SoFiD) 👋
The first stablecoin issued by a U.S. national bank and redeemable 1:1 for cash or cash equivalents. Rolling out now, it’s built for how money moves today: fast, flexible, 24/7. pic.twitter.com/I0eHIxDR50
— SoFi (@SoFi) May 27, 2026
The company said SoFiUSD marks the first time a stablecoin issued by a US national bank is available directly through a banking app. The launch gives SoFi’s nearly 15 million members access to a digital dollar product inside the same platform they use for saving, spending, borrowing, and investing.
