SoFi launches SoFiUSD on Ethereum, first U.S. national bank stablecoin, 18 Dec 2025

On 18 December 2025, SoFi Technologies launched SoFiUSD, a U.S. dollar-backed stablecoin issued by SoFi Bank on Ethereum. The company says the token is fully backed 1:1 by cash held in its Federal Reserve account and targets settlement, payments, and remittances, with institutional integration first and wider consumer access planned later.