SoFi launches SoFiUSD, the first US bank-issued stablecoin on public blockchains, to 14.7M app users on Ethereum and Solana with Mastercard integration.

SoFi rolls out bank-issued SoFiUSD stablecoin to 14.7 million members inside its app on Ethereum and Solana.

The fintech platform says its dollar-backed stablecoin will let members trade, transfer and eventually earn yield through its banking app.