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via The Block · By The Block Editorial

SoFi to launch its stablecoin on Solana, citing speed and cost

SOL

SOL/USDT

$75.35
-0.26%
24h Volume

$626,238,979.31

24h H/L

$75.74 / $75.03

Change: $0.7100 (0.95%)

Long/Short
73.7%
Long: 73.7%Short: 26.3%
Funding Rate

+0.0033%

Longs pay

Data provided by COINOTAG DATALive data
Solana
Solana
Daily

$75.34

-0.01%

Volume (24h): -

Resistance Levels
Resistance 3$79.2386
Resistance 2$77.1608
Resistance 1$75.5774
Price$75.34
Support 1$75.1037
Support 2$73.1866
Support 3$71.2016
Pivot (PP):$75.38
Trend:Downtrend
RSI (14):50.7
TB
The Block Editorial
(07:15 PM UTC)
1 min read
JM
Updated byJames Mitchell

After officially launching its stablecoin late last year, SoFi Technologies said it will begin issuing the token on Solana.

"We think it is the right chain to use for payments, partially because of the cost, partially because of the settlement speed and ultimately the throughput," Ben Reynolds, SoFi's head of big business banking, said Tuesday.

In December 2025, SoFi launched SoFiUSD, a fully…

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The Block Editorial · The Block

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