🇺🇸 SoFi launches SoFiUSD: a bank-issued USD stablecoin
SoFi announced SoFiUSD on Dec 18, 2025 — a USD stablecoin issued by SoFi Bank, N.A. and described as fully reserved 1:1 in cash.
🏦 Why this is different from “classic” stablecoins
SoFi isn’t positioning this as a crypto-native issuer product. The key pitch is “stablecoin + U.S. bank standards”:
the issuer is a national bank (inside the U.S. banking perimeter)
reserves are stated to be cash for immediate redemption
SoFi says it can hold reserves in cash at its Federal Reserve account, aiming to reduce liquidity/credit risk versus non-bank setups
⛓️ Where it runs
SoFi says it’s on a public, permissionless blockchain. Reporting indicates the initial launch is on Ethereum, with potential expansion later.
🎯 What it’s for (real use cases)
SoFiUSD is positioned as:
24/7 settlement (including weekends/holidays)
near-instant transfers with very low costs
built first for business/institutional partners, with retail access “in the coming months”
SoFi also wants to act as a stablecoin infrastructure provider, letting banks/fintechs integrate SoFiUSD into settlement flows or even launch white-label stablecoins.
📌 Why this matters
This is another step in the trend: stablecoins moving from trading to financial infrastructure — with banks and fintechs competing on compliance, reserves, and distribution.
👀 What to watch
real partner adoption (who actually uses it)
redemption experience + ongoing transparency
multi-chain expansion and mass-payment integrations
