SoFi launches US dollar-backed stablecoin SoFiUSD, available to nearly 15 million users

Odaily Odaily reports that SoFi has launched a US dollar-backed stablecoin, SoFiUSD, on Ethereum and Solana, becoming the first U.S. national bank to directly offer a stablecoin to retail customers on a public blockchain. Nearly 15 million SoFi members can now buy, sell, hold, and exchange SoFiUSD within the app, with each token redeemable 1:1 for US dollars via SoFi Bank. 

SoFi stated that it plans to use SoFiUSD for traditional financial scenarios such as cross-border payments and B2B transactions, and intends to launch features including interest-bearing tokenized deposits, FDIC-insured accounts, and 24/7 cross-border transfers. (CoinDesk)