SoFi launches SoFiUSD, the first stablecoin issued by a US national bank in a consumer app, now available to nearly 15 million members on Ethereum.

SoFi is making its SoFiUSD token available to members, marking a milestone in the convergence of regulated banking and blockchain.

SoFi stock gained after the company added SoFiUSD, a bank-issued stablecoin, directly to its app.