SoFi Introduces Stablecoin Offering on Its App

SoFi has made a significant move into consumer payments and blockchain infrastructure with the launch of its dollar-pegged stablecoin, SoFiUSD.

The stablecoin is now available on the Ethereum and Solana networks and can be used within SoFi's banking app for various financial services such as deposits, payments, loans and investments.

SoFi plans to add further features in the coming weeks, including FDIC-insured tokenized deposits, international remittances and connectivity to the Bullish exchange for institutional clients.