BREAKING: First U.S. National Bank Just Launched Its Own Stablecoin
#SOFI Bank has officially launched SoFiUSD on Ethereum. This is historic.
Key details:
→ First U.S. national bank to issue a stablecoin on a public blockchain
→ Backed 1:1 by cash at the Federal Reserve
→ Zero liquidity or credit risk
→ Instant redemption, 24/7 settlement
SoFi is building infrastructure, banks and fintechs can white-label SoFiUSD or integrate it into their payment systems.
Traditional banks are now competing directly with Tether and Circle.
What's next:
Live now for internal use
Public rollout coming soon
Multi-chain expansion planned
When national banks start launching #Stablecoins on public blockchains, crypto has officially gone mainstream.
#SOFI Bank has officially launched SoFiUSD on Ethereum. This is historic.
Key details:
→ First U.S. national bank to issue a stablecoin on a public blockchain
→ Backed 1:1 by cash at the Federal Reserve
→ Zero liquidity or credit risk
→ Instant redemption, 24/7 settlement
SoFi is building infrastructure, banks and fintechs can white-label SoFiUSD or integrate it into their payment systems.
Traditional banks are now competing directly with Tether and Circle.
What's next:
Live now for internal use
Public rollout coming soon
Multi-chain expansion planned
When national banks start launching #Stablecoins on public blockchains, crypto has officially gone mainstream.