SoFi Technologies, Inc. launched SoFiUSD on Wednesday, May 27, 2026, allowing members to trade a bank-issued stablecoin within the company's mobile app [1].
The move integrates digital assets directly into a traditional banking environment. By offering a stablecoin backed by a national bank, SoFi attempts to lower the barrier for millions of users to enter the cryptocurrency market while maintaining a link to the U.S. dollar.
SoFiUSD is now available for members to buy, sell, trade, and transfer directly through the SoFi app [2]. The company said the launch is intended to bridge the gap between traditional banking and digital assets [3]. This expansion of the company's crypto offering targets its U.S. member base, which consists of approximately 15 million users [4].
Unlike many stablecoins issued by private crypto firms, SoFiUSD is issued by a bank. This distinction may provide a different regulatory profile for the asset as it enters the broader fintech ecosystem [1]. The platform allows users to manage these digital assets alongside their existing banking services, creating a single point of access for both fiat and digital currencies [2].
SoFi said the addition of SoFiUSD expands its overall cryptocurrency capabilities for its members [3]. The rollout follows a broader trend of fintech companies seeking to merge legacy financial tools with blockchain technology to increase user engagement and asset liquidity [2].
“SoFiUSD is now available for members to buy, sell, trade and transfer directly through the SoFi app”
The introduction of SoFiUSD represents a significant shift in how national banks interact with blockchain technology. By issuing its own stablecoin, SoFi is not merely acting as a broker for third-party digital assets but is creating its own programmable currency. This could potentially reduce transaction costs and settlement times for its 15 million users, while positioning the company as a primary infrastructure provider for the next iteration of digital banking.
