SoFi Bank Launches SoFiUSD as First U.S. National Bank Stablecoin on Public Blockchain

On December 18, 2025, SoFi Bank, N.A. introduced SoFiUSD, a fully reserved U.S. dollar stablecoin issued on a public, permissionless blockchain. The token is backed one-to-one by cash reserves held at the Federal Reserve and initially supports internal settlement, with plans to extend access to SoFi members and other financial institutions.