SoFi Bank launches SoFiUSD on Dec. 18, 2025, a USD-backed stablecoin for institutions

SoFi Bank introduced SoFiUSD on December 18, 2025, positioning a USD-pegged, fully reserved stablecoin for banks and fintechs, according to a company statement. The firm says it runs on a public, permissionless blockchain with near-instant, 24/7 settlement, and reserves are held in cash at the Federal Reserve with 1:1 redemption.