SoFi Launches SoFiUSD, Becoming First National Bank to Issue a Stablecoin on a Public Blockchain
SoFi has launched SoFiUSD, a fully reserved dollar-backed stablecoin, becoming the first national bank to issue a stablecoin on a public blockchain.
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SoFi has launched SoFiUSD, a fully reserved dollar-backed stablecoin, becoming the first national bank to issue a stablecoin on a public blockchain.
SoFi shares dropped almost 6% after the fintech firm announced a $1.5 billion stock offering, triggering dilution concerns despite strong 2025 performance.
SoFi becomes the first nationally chartered U.S. bank to launch crypto trading, blending digital assets with regulated banking services.