SoFi Technologies has introduced SoFiUSD, a fully reserved U.S. dollar stablecoin issued by SoFi Bank, marking a significant step in combining regulated banking with public blockchain settlement. The company positioned the launch as a milestone, describing it as the first stablecoin issued by a national bank on a public blockchain. This move has drawn rapid attention from the financial and digital asset sectors as institutions continue to explore compliant pathways into blockchain-based payments.
SoFi explained that SoFiUSD is designed as a stablecoin infrastructure rather than a consumer-only product. The initial focus is on banks, fintech firms, and enterprises seeking faster and more predictable money movement. At launch, the stablecoin operates on Ethereum, while the company signaled that additional blockchain support could be added if market demand expands. By anchoring the product to an established network, SoFi aims to balance innovation with reliability.
Always-On Settlement and Predictable Liquidity
The company highlighted that partners using SoFiUSD gain access to SoFi’s bank-grade operational systems. This structure allows settlement to occur continuously, with near-instant finality, rather than being constrained by traditional banking hours. SoFi also indicated that pricing remains at fractional-cent levels, which helps institutional users manage liquidity more precisely. These features are intended to reduce friction in both domestic and cross-border transactions.
Regulatory positioning was presented as a core differentiator. SoFiUSD is issued by SoFi Bank, N.A., an insured depository institution regulated by the Office of the Comptroller of the Currency. The stablecoin is fully backed on a one-to-one basis by cash reserves held at a Federal Reserve account. This structure is meant to remove liquidity and credit risk, addressing concerns that have surrounded less transparent reserve models in the broader stablecoin market.
Transparency, Incentives, and White-Label Use
SoFi emphasized that full reserve transparency enables immediate redemption, reinforcing confidence for institutional users. The company also noted that incentives generated from the reserves could be shared, allowing efficiency gains to flow directly to partners and holders. This approach is intended to respond to longstanding industry concerns about opaque backing and delayed redemptions.
Beyond issuance, SoFi positioned itself as an infrastructure provider. Banks and fintech companies may use the platform to issue white-label stablecoins under their own brands, or integrate SoFiUSD directly into existing settlement flows. This dual role allows SoFi to support a range of business models while embedding itself deeper into payment and financial services ecosystems.
The future of on-chain settlement is here. ⚡️
Today we launched SoFiUSD, a fully reserved #stablecoin issued by SoFi Bank, N.A., positioning us as a stablecoin infrastructure provider for other banks, fintechs, and enterprise platforms.
We are the first nationally chartered…
— SoFi (@SoFi) December 18, 2025
Payments, Commerce, and Global Reach
Anthony Noto, SoFi’s chief executive, framed the launch within a broader transformation of finance driven by blockchain technology. He pointed to persistent inefficiencies such as slow settlement and fragmented providers, suggesting that regulated on-chain systems can address these gaps. In line with this vision, SoFiUSD will be used to settle all crypto trading activity within SoFi’s own platform.
The company expects adoption to extend beyond internal use. Card networks, retailers, and enterprises are positioned as potential adopters, benefiting from round-the-clock settlement and lower transaction costs. SoFiUSD is also set to power SoFi Pay, supporting international remittances and everyday point-of-sale transactions. In addition, partners of Galileo, SoFi’s payments and banking infrastructure unit that processes billions of transactions annually, may integrate the stablecoin into their operations.
Expanding Access to Dollar Stability
SoFi outlined potential use cases in regions affected by currency volatility. In these markets, SoFiUSD could function as a secure, dollar-denominated asset supporting debit products or secured credit accounts. This capability may broaden access to dollar stability for consumers and businesses outside the United States.
The stablecoin will also be made available to all SoFi members, building on the company’s recent expansion into crypto services. Earlier this year, SoFi became the first national bank to offer consumer crypto trading, allowing members to trade nearly thirty digital assets. Taken together, SoFiUSD reflects the firm’s strategy to modernize financial infrastructure by bridging regulated banking with blockchain technology. Market observers are now closely watching partner adoption and governance outcomes to assess their broader impact on stablecoin usage.
