SoFi deploys stablecoin on Solana, focusing on low-cost and high-efficiency settlement

Odaily reported that SoFi Technologies announced its stablecoin SoFiUSD will expand to the Solana network, primarily valuing its low cost, high throughput, and fast settlement capabilities.

Launched in 2025, SoFiUSD is a fully-reserved dollar-pegged stablecoin, initially deployed on Ethereum, aimed at providing 24/7 near-real-time settlement infrastructure for banks, fintech companies, and enterprises.

As the regulatory framework gradually becomes clearer, banks and financial institutions are accelerating their entry into the stablecoin track, competing with leading issuers such as Tether and Circle.