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SoFi rolls out SoFiUSD stablecoin to banking app users

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The Block Editorial
(11:00 AM UTC)
1 min read
JM
Updated byJames Mitchell
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SoFi Technologies has made its U.S. dollar-pegged stablecoin available to its 14.7 million members directly within the SoFi app, marking the first instance of a U.S. national bank-issued stablecoin embedded in a retail banking interface, according to the company.

The stablecoin initially operates on Ethereum and Solana. Members can buy, sell, hold, and convert SoFiUSD within the same app used…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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