May 27
SoFi pushes stablecoins beyond Wall Street settlement rails
SoFi launched a bank-issued stablecoin inside its consumer banking app, marking a major step toward retail stablecoin adoption.
➤ SoFi has launched SoFiUSD, a bank-issued stablecoin, directly within its consumer banking app, marking a first for a U.S. national bank. ➤ This initiative shifts stablecoin functionality from institutional settlement rails to mainstream consumer finance, allowing users to buy, sell, and hold the stablecoin. ➤ The move signifies a growing institutional comfort with public blockchains for payments and tokenized products, moving beyond private systems.
