SoFi Launches SoFiUSD, First U.S. National Bank‑Issued Stablecoin
SoFi Bank announced the launch of SoFiUSD, marking the first time a U.S. national bank has issued a stablecoin. The token is positioned for enterprise payments and treasury use, promising quicker settlement and on‑chain finality while operating under the bank’s oversight. SoFi frames SoFiUSD as a safer, more compliant option compared with existing crypto-native stablecoins.
The move is a regulatory and market milestone that could accelerate institutional on‑chain payment flows and push other banks to explore tokenized settlement rails. For enterprises, benefits may include faster cross‑border transfers, streamlined cash management and tighter compliance integration. Watch for how exchanges, custodians and corporate treasuries integrate SoFiUSD and whether competitors follow with their own bank-backed tokens.