SoFi brings SoFiUSD to nearly 15 million users with Ethereum and Solana support

SoFi Technologies launched SoFiUSD, a bank issued US dollar stablecoin that allows members to buy, sell, hold, and convert the asset directly inside the SoFi app.

Say “hi” to SoFiUSD (SoFiD) 👋

The first stablecoin issued by a U.S. national bank and redeemable 1:1 for cash or cash equivalents. Rolling out now, it’s built for how money moves today: fast, flexible, 24/7. pic.twitter.com/I0eHIxDR50

— SoFi (@SoFi) May 27, 2026

The company said SoFiUSD marks the first time a stablecoin issued by a US national bank is available directly through a banking app. The launch gives SoFi’s nearly 15 million members access to a digital dollar product inside the same platform they use for saving, spending, borrowing, and investing.

SoFi said the product is designed to connect traditional banking with digital assets by bringing blockchain based money movement into a regulated financial app. SoFiUSD is redeemable 1:1 for US dollars from SoFi Bank, which maintains liquid assets to support all outstanding tokens.

The stablecoin will also include regular attestations from an independent US licensed CPA. SoFiUSD is launching on Ethereum and Solana, with additional networks expected to be added over time.

Anthony Noto, CEO of SoFi, said the company aims to combine blockchain speed with the trust of regulated banking. He said SoFiUSD gives members a single place to buy, hold, and pay with digital assets inside the SoFi app.

The launch is the first phase of a broader stablecoin roadmap across SoFi’s ecosystem. The company plans to let members convert SoFiUSD into tokenized deposits, which could allow users to earn interest and access FDIC insurance on those deposits under separate account terms.

SoFi also plans to enable cross border value transfers using blockchain rails, offering members 24/7 access to payments with fewer delays and lower costs than legacy financial systems.

The company said SoFiUSD will also launch on Bullish, its first centralized exchange partner, to support institutional trading, stable pricing, and efficient execution for high volume transactions.

SoFi members can access SoFiUSD starting today, with full availability expected by early June as users update to the latest version of the app.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.