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SOFIDSoFiUSD

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SOFI Stock Gains After SoFiUSD Stablecoin Rollout On Ethereum, Solana – ‘This Is What GENIUS Enabled,’ Says Crypto Council CEO
Crypto Council for Innovation CEO Ji Kim said the launch demonstrates the impact of the GENIUS Act regulatory framework.
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AboutSoFiUSD is a fully reserved U.S. dollar stablecoin issued by SoFi Bank, N.A., making SoFi the first national bank to launch a stablecoin on a public, permissionless blockchain. It is backed 1:1 by cash with reserves held in the bank’s federal account, enabling immediate redemption while minimizing liquidity and credit risk. SoFi is opening access to its stablecoin infrastructure so banks, fintechs, and enterprises can integrate SoFiUSD into settlement flows or issue white‑label stablecoins using SoFi’s regulatory, operational, and reserve framework.
Details
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Ethereum EcosystemStablecoinsUSD Stablecoin
Date
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January 01, 1970
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