{"id":96714,"date":"2026-05-29T07:33:10","date_gmt":"2026-05-29T07:33:10","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=96714"},"modified":"2026-05-29T07:33:10","modified_gmt":"2026-05-29T07:33:10","slug":"sofi-rolls-out-ethereum-and-solana-based-stablecoin-to-15-million-users","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=96714","title":{"rendered":"SoFi Rolls Out Ethereum And Solana-Based Stablecoin To 15 Million Users"},"content":{"rendered":"
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The Ethereum and Solana-based SoFiUSD has become the first national bank-issued stablecoin to launch on an official banking platform.<\/p>\n

SoFi Has Made Its Stablecoin Available On Its Retail Banking App<\/h2>\n

As announced in a press release<\/a>, SoFi Technologies has rolled out its stablecoin<\/a> to the official SoFi banking app, which hosts a userbase of nearly 15 million members. SoFi, short for Social Finance, is a financial technology company based in the United States that operates as a direct bank with a national charter.<\/p>\n

In December, SoFi launched a stablecoin called SoFiUSD, becoming the first national bank in the US to issue a stablecoin on a public blockchain. Back then, the token was only available for internal settlement activity and institutions\/developers, with the firm noting that broader availability would arrive in the coming months. That launch finally appears to be here.<\/p>\n

SoFi members can now buy, sell, and hold SoFiUSD directly within the app. \u201cThis marks the first time that a U.S. national bank-issued stablecoin is available directly on a banking app,\u201d said the announcement.<\/p>\n

Stablecoins are cryptocurrencies that have their value pegged to a fiat currency. As SoFiUSD\u2019s name suggests, it\u2019s a token backed by the US Dollar, which is the most in-demand currency for these digital assets. Currently, the cryptocurrency is available on Ethereum and Solana, two of the most-used networks for transactions.<\/p>\n

Anthony Noto, SoFi CEO, said:<\/p>\n

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People no longer have to choose between blockchain technology and regulated banking products. With SoFiUSD, we\u2019re 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.<\/p>\n<\/blockquote>\n

SoFiUSD isn\u2019t SoFi Technologies\u2019 first foray into the digital-asset sector. As reported<\/a> by Bitcoinist, the bank became the first of its kind to offer cryptocurrency trading to US customers back in November.bToday\u2019s launch isn\u2019t the end of SoFi\u2019s digital-asset journey, either, as the announcement revealed that it\u2019s only the first phase of a broader roadmap to integrate stablecoin utility across the bank\u2019s ecosystem.<\/p>\n

In the next few weeks, the FinTech platform is planning to allow members to convert SoFiUSD to tokenized deposits, offer 24\/7 global mobility via the blockchain, and release its stablecoin on its first centralized exchange partner, Bullish.<\/p>\n

The press release also noted that networks beyond Ethereum and Solana are planned for the stablecoin, although it\u2019s not yet known which blockchains will be supported or when a rollout will occur.<\/p>\n

Ethereum Has Declined Under The $2,000 Level<\/h2>\n

The cryptocurrency market has suffered a bearish blow during the past day, and Ethereum, the second-largest token by market cap<\/a>, has been among the worst performers out of the top coins.<\/p>\n

After a drop of more than 4% during the last 24 hours, ETH has slipped below $2,000 for the first time since late March.<\/p>\n

\"Ethereum<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Ethereum and Solana-based SoFiUSD has become the first national bank-issued stablecoin to launch on an official banking platform. SoFi Has Made Its Stablecoin Available On Its Retail Banking App As announced in a press release, SoFi Technologies has rolled out its stablecoin to the official SoFi banking app, which hosts a userbase of nearly […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-96714","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/96714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=96714"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/96714\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=96714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=96714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=96714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}