SoFi Technologies launched SoFiUSD, a U.S. dollar-pegged stablecoin, to its 14.7 million members directly within the SoFi app, marking the first U.S. national bank-issued stablecoin embedded in a retail banking interface. The stablecoin operates on Ethereum and Solana blockchains. SoFi first introduced the initiative in December 2025 and in March 2026 extended its Mastercard partnership to enable SoFiUSD as a settlement currency across Mastercard's global payments network.
SoFiUSD stablecoin launch
- ▪SoFi Technologies made its U.S. dollar-pegged stablecoin SoFiUSD available to its 14.7 million members directly within the SoFi app
- ▪SoFi members can buy, sell, hold, and convert SoFiUSD within the same app used for savings, spending, borrowing, and investing
- ▪SoFi first introduced its stablecoin initiative in December 2025
- ▪Anthony Noto is the CEO of SoFi
- ▪SoFiUSD initially operates on Ethereum and Solana blockchains
Regulated bank-issued stablecoin
- ▪SoFi is combining regulated banking infrastructure with onchain settlement rails under a single consumer interface
- ▪SoFiUSD is a fully reserved digital dollar issued by SoFi's nationally chartered bank and designed for 24/7 settlement
- ▪SoFiUSD is the first instance of a U.S. national bank-issued stablecoin embedded in a retail banking interface
Blockchain settlement infrastructure
- ▪SoFi's underlying infrastructure could allow banks, fintechs, and enterprise partners to issue white-label stablecoins or integrate SoFiUSD directly into their own payment and settlement systems
- ▪SoFi is positioning SoFiUSD as part of a broader effort to integrate blockchain-based settlement tools into its banking stack, spanning consumer payments, custody, and potential enterprise integrations
Product features roadmap
- ▪SoFi plans to add a Bullish exchange integration for institutional clients in the coming weeks after May 27, 2026
- ▪SoFi plans to add cross-border transfers in the coming weeks after May 27, 2026
- ▪SoFi plans to add tokenized deposits with Federal Deposit Insurance Corporation (FDIC) insurance in the coming weeks after May 27, 2026
Mastercard payment network integration
- ▪In March 2026, SoFi extended its partnership with Mastercard to enable SoFiUSD as a settlement currency across Mastercard's global payments network
- ▪SoFi Bank plans to settle its own credit and debit transactions powered by the Mastercard network in SoFiUSD
- ▪Galileo, SoFi's technology platform, is expected to offer issuing banks the option to settle card transactions using SoFiUSD
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