SoFi Launches First ‘Bank-Issued’ Stablecoin

SoFi Technologies, Inc (NASDAQ:SOFI) on Thursday launched SoFiUSD, a fully reserved U.S. dollar stablecoin issued by SoFi Bank, N.A.

It enabled the company to act as a stablecoin infrastructure provider for banks, fintechs, and enterprise platforms.

Partners can leverage SoFi’s bank-grade infrastructure to move money faster and more efficiently.

Also Read: SoFi Becomes First US Bank To Let You Buy Bitcoin Right From Your Checking Account

SoFiUSD Offers Faster, 24/7 Transactions

As the first national bank to provide open access to a stablecoin and related infrastructure, SoFi brings regulatory oversight and reliability to …

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