SoFi Rolls Out Ethereum And Solana-Based Stablecoin To 15 Million Users
SoFi Technologies has launched its U.S. dollar-pegged stablecoin, SoFiUSD, on its official retail banking app, making it the first U.S. national bank-issued stablecoin directly available on a banking platform. The stablecoin, which runs on the Ethereum and Solana blockchains, is now accessible to SoFi's nearly 15 million users for buying, selling, and holding. CEO Anthony Noto emphasized the integration of blockchain technology with regulated banking services. This launch is the first phase of a broader roadmap, with future plans including conversion to tokenized deposits, 24/7 global transfers, and listing on the Bullish exchange. The announcement coincides with a market downturn that saw Ethereum's price fall below $2,000.
bitcoinist05/29 10:02