SoFiUSD

About SoFiUSD

SoFiUSD is a fully reserved U.S. dollar stablecoin issued by SoFi Bank, N.A. According to the source text, SoFi is the first national bank to launch a stablecoin on a public, permissionless blockchain. The stablecoin is backed 1:1 by cash, with reserves held in the bank's federal account. This structure is described as enabling immediate redemption while minimizing liquidity and credit risk. SoFi is opening access to its stablecoin infrastructure so that banks, fintechs, and enterprises can integrate SoFiUSD into settlement flows or issue white-label stablecoins using SoFi's regulatory, operational, and reserve framework.

• SoFiUSD is issued by SoFi Bank, N.A., which the source describes as the first national bank to launch a stablecoin on a public, permissionless blockchain.
• The stablecoin is backed 1:1 by cash, with reserves held in the bank's federal account.
• SoFi offers its infrastructure to other banks, fintechs, and enterprises for settlement flows or white-label stablecoin issuance.