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SoFi Launches SoFiUSD Stablecoin to 14.7 Million Members, Becomes First U.S. Bank to Embed Stablecoin in Mobile App

Token Events Partnerships & Ecosystem Stocks

2026-06-04 02:11:48

ETH-3.05%

SOL-4.34%

According to BusinessWire, SoFi Technologies launched its SoFiUSD stablecoin yesterday (June 3) within its mobile app, making it the first U.S. national bank to embed its own stablecoin directly in a banking application. The stablecoin is now available to approximately 14.7 million members for buying, selling, holding, and transferring. SoFiUSD (ticker: SOFID) is issued by SoFi Bank, N.A., regulated by the Office of the Comptroller of the Currency (OCC), and maintains a 1:1 peg to the U.S. dollar backed by liquid assets. The token operates on both Ethereum and Solana networks, with the company planning to introduce tokenized deposits and 24/7 cross-border transfers in coming weeks. SoFi CEO Anthony Noto stated, "Users no longer have to choose between blockchain technology and regulated banking products."

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