Dollar stablecoin (SoFiUSD)
SoFiUSD is a dollar stablecoin issued by SoFi Bank, N.A., a US national bank regulated by the OCC, and reserved one to one in cash. It launched on Ethereum on 18 December 2025, which SoFi describes as the first stablecoin from a US national bank on a public, permissionless blockchain, is now also on Solana, and opened to SoFi's members in May 2026.
In the record
10
Months since it was first seen
31
Institutions of its kind in the record
Other bank deployments
- BW-Bank (LBBW)Spot ETH trading for retail clientsSeptember 2026
- Standard CharteredDeliverable ETH spot trading for institutional clients in the UAE (Standard Chartered DIFC)September 2026
- Banque Delubac & CieETH staking for bank clientsJuly 2026
- Morgan StanleySpot ETH trading for retail clients on E*TRADEJuly 2026
