SoFi launches SoFiUSD stablecoin on Solana, increasing the financial institution’s crypto funds technique by pushing stablecoin infrastructure right into a sooner, lower-cost funds community.
Ben Reynolds, SoFi’s head of enterprise banking, introduced the transfer throughout a fireplace chat at Solana Speed up Miami 2026, the place SoFi was on the agenda alongside funds, stablecoins, and institutional finance discussions.
“Solana is the very best chain to make use of for funds by way of value, fee velocity, and in the end throughput,” Reynolds stated.
SoFi launched SoFiUSD as a completely reserved USD stablecoin issued by SoFi Financial institution (NA) in December 2025. The corporate introduced on the time that SoFiUSD had made it the primary nationwide financial institution to difficulty a stablecoin on a public permissionless blockchain.
The stablecoin is designed for banks, fintechs, and enterprise platforms, with SoFi positioning it for twenty-four/7 funds, card networks, retailers, remittances, and Galileo companions.
SoFi is restructuring its cryptocurrency enterprise after returning to digital property in 2025. The corporate introduced in November that it launched client cryptocurrency buying and selling, turning into the primary nationally chartered FDIC-insured financial institution to permit clients to purchase, promote, and maintain cryptocurrencies in the identical app they use to financial institution, borrow, and make investments.
Solana’s growth follows SoFi’s partnership with Mastercard in March, enabling SoFiUSD funds throughout Mastercard’s community. Based on Mastercard, SoFiUSD shall be issued by an OCC-regulated insured depository establishment and shall be booked fully in money on a one-to-one foundation.
