SoFi Launches Its Own Stablecoin on Ethereum and Solana
SoFi members can now buy, sell, hold, and convert SoFiUSD directly within the fintech app.
SoFi just dropped its own stablecoin. The fintech giant announced that SoFiUSD — a US dollar-pegged stablecoin built on both Ethereum and Solana — is live and available to its members.
Users can buy, sell, hold, and convert SoFiUSD directly inside the SoFi app. No third-party wallets required. No hopping between platforms.
It's a notable move. SoFi isn't some crypto-native startup — it's a publicly traded financial services company pushing deeper into digital assets. Launching a branded stablecoin signals the company sees real utility in on-chain dollars for its user base.
The dual-chain approach is smart. Ethereum gives SoFiUSD institutional credibility and DeFi composability. Solana offers speed and low transaction costs. Members get options.
The stablecoin market keeps getting more crowded, and now traditional fintech players are muscling in with their own tokens.