SoFi launches stablecoin SoFiUSD to support Ethereum and Solana

SoFi has launched a stablecoin, SoFiUSD, supported by US dollars on Ethereum and Solana, becoming the first national bank in the United States to directly provide stablecoins to retail customers on a public blockchain. About 15 million SoFi members can buy, sell, hold, and exchange SoFiUSD within the app, and each token can be exchanged for US dollars at a 1:1 ratio through SoFi Bank. SoFi plans to use SoFiUSD for cross-border payments and B2B transactions, and launch interest bearing tokenized deposits, FDIC insured accounts, and 24/7 cross-border transfer functions. （CoinDesk）