SoFi Technologies has launched a fully reserved US dollar stablecoin designed to serve as core financial infrastructure for banks, fintechs, and enterprise partners. The stablecoin, issued by SoFi Bank, N.A., is backed one-to-one by cash held on the balance sheet and is immediately redeemable in US dollars, according to Business Wire.
The new token, called SoFiUSD, is issued by SoFi’s nationally chartered bank and operates on a public, permissionless blockchain. SoFi said the stablecoin is intended to combine the efficiency of blockchain-based settlement with the regulatory safeguards of a US bank, including full compliance with existing banking supervision and capital requirements.
Unlike consumer-facing crypto tokens, SoFiUSD is positioned as an infrastructure layer for payments, treasury operations, and internal settlement. The company said banks and fintechs can use the stablecoin to move money 24 hours a day, seven days a week, with near-instant finality and significantly lower transaction costs than traditional correspondent banking or card networks.
Focus on Regulated Stablecoin Infrastructure
SoFi said the stablecoin will support a range of use cases, including on-chain settlement, internal fund transfers, crypto trading, remittances, and future payment applications. The company also plans to offer stablecoin issuance and infrastructure services to third parties, allowing partners to build products on top of SoFi’s regulated backend.
By issuing the stablecoin through an FDIC-insured national bank, SoFi aims to address concerns around reserve quality, transparency, and liquidity that have plagued parts of the stablecoin market. The company said all reserves are held in cash, rather than short-term securities, to ensure immediate redemption even during periods of market stress.
The launch comes as stablecoins attract growing attention from regulators and policymakers as potential building blocks for future payment systems. In both the United States and Europe, authorities are increasingly weighing the role of regulated private stablecoins alongside central bank digital currencies.
SoFi said SoFiUSD is already live for internal use and selected partners, with broader rollout expected as integrations expand. The company described regulated stablecoin infrastructure as a long-term strategic pillar of its financial services and technology platform.