BitGo to Provide Stablecoin Infrastructure Support for SoFiUSD and Expand Institutional Distribution

Odaily News BitGo announced that its subsidiary BitGo Bank & Trust has been selected to provide stablecoin infrastructure services and support the distribution for SoFiUSD. SoFiUSD is issued by SoFi Bank and is the first USD stablecoin issued by a nationally chartered and insured depository bank on a public, permissionless blockchain. BitGo will provide technical and operational infrastructure, as well as institutional access and applications for SoFiUSD through its "Stablecoin-as-a-Service" platform. (Businesswire)