SoFi Puts a Bank-Issued Stablecoin Inside a 15-Million-User Banking App on Ethereum and Solana

By Isaac • May 27, 2026 10:43 am •

SoFi launched SoFiUSD on May 27, making a dollar-pegged stablecoin available directly inside its consumer banking app. The company says it is the first U.S. national bank to issue a stablecoin and distribute it through a retail banking interface.

Nearly 15 million SoFi members can buy, sell, hold, and convert SoFiUSD in the app as availability rolls out. Each token is redeemable 1:1 for U.S. dollars through SoFi Bank.

The stablecoin is live on Ethereum and Solana, with additional networks planned.

Say “hi” to SoFiUSD (SoFiD) 👋 The first stablecoin issued by a U.S. national bank and redeemable 1:1 for cash or cash equivalents. Rolling out now, it’s built for how money moves today: fast,