Exchanges· ★★★· bullish·

SoFi Launches Bank-Backed Stablecoin SoFiUSD

  • —SoFiUSD converts 1:1 for crypto purchases and on-chain transfers 24/7
  • —The stablecoin is backed by a U.S. national bank
  • —SoFiUSD is expected to list on Kraken with competitive pricing
  • —SoFi trading volume is not yet reported, reflecting an early-stage launch
Why it matters: A national bank backing a stablecoin deepens the link between traditional finance and blockchain and could push other banks toward tokenized deposits.
Source: Coinfomania
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