NasdaqGS:SOFIConsumer Finance
SoFiUSD Stablecoin Launch Could Be A Game Changer For SoFi Technologies (SOFI)
Earlier this month, SoFi Technologies launched SoFiUSD, a fully reserved U.S. dollar stablecoin issued by SoFi Bank, N.A., aiming to provide bank-grade, on-chain money movement infrastructure for banks, fintechs, enterprises, and consumers in markets with volatile local currencies.
The move makes SoFi the first national bank to offer open access to its own stablecoin and infrastructure, extending its push to bridge traditional banking with crypto trading and on-chain settlement inside a...