🇺🇸 SoFi has launched SoFiUSD, a stablecoin fully backed 1:1 by the US dollar — a historic moment for traditional finance and blockchain innovation. $SOL
This launch marks the first time a national bank in the United States has issued a stablecoin on a public blockchain without obtaining a special license, highlighting a clear shift in how regulated banks are dealing with digital assets and on-chain payments. $ETH
It is said that SoFiUSD is fully backed by US dollar reserves, closely aligning with evolving regulatory standards focused on transparency, solvency, and consumer protection. Most importantly, it demonstrates that banks can adopt blockchain technology while staying within the applicable US banking rules. $XRP
💡 Why is this important:
Links traditional banks and financing on the chain
Creates a roadmap for other US banks to launch stablecoins
Accelerates the adoption of blockchain-based payments in the real world
Enhances trust in stablecoins issued by regulated banks on unregulated options
This move could redefine the stablecoin market, open the door for deeper institutional participation, and bring digital dollars closer to everyday financial use.
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