SoFi rolls out SoFiUSD stablecoin to nearly 15 million app users
The company plans several upcoming initiatives tied to the stablecoin ecosystem, including tokenized deposits that could offer interest and FDIC insurance protections and blockchain-based cross-border transfers available around the clock.
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By
Editorial Team
·
Edited by
Vivian
May. 27, 2026
SoFi has become the first US national bank to offer a stablecoin directly through a banking application with the launch of SoFiUSD, a dollar-backed digital asset now available to nearly 15 million users on the SoFi platform, according to a Wednesday statement.
Members can use the app to buy, sell, hold, and convert the stablecoin as part of the company’s expanding digital asset strategy.
SoFiUSD is backed by liquid assets and redeemable 1:1 for US dollars through SoFi Bank. The stablecoin also includes independent attestation procedures performed by US-licensed CPAs to provide additional transparency and regulatory confidence. At launch, SoFiUSD is available on the Ethereum and Solana networks.
AdvertisementAnthony Noto, SoFi’s chief executive officer, said the company aims to eliminate the divide between blockchain technology and regulated banking products by integrating both into a single consumer platform.
The stablecoin allows members to access digital asset functionality within the same ecosystem they already use for banking, investing, and payments.
“At SoFi, we believe we can combine the speed and versatility of the blockchain with the trust of a bank to improve how money moves around the world. People no longer have to choose between blockchain technology and regulated banking products,” Noto commented. “With SoFiUSD, we’re giving our members a single place to buy, hold, and pay with digital assets in the same app they already use to save, spend, borrow, and invest.”
The launch is part of SoFi’s expansion strategy that includes plans for tokenized deposits tied to interest-bearing and FDIC-insured accounts, 24/7 blockchain-based global transfers, and centralized exchange integration through trading partner Bullish to support institutional liquidity and execution.
SoFi said the initiative is designed to make blockchain-based financial services more accessible and trustworthy by combining stablecoin flexibility with the safeguards of a regulated banking institution.
The rollout begins immediately and is expected to reach full availability across the SoFi app by early June.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.