SoFi Launches SoFiUSD as First Bank-Issued Stablecoin on Public Blockchain
SoFi introduces SoFiUSD, a fully reserved dollar stablecoin, aiming to reshape payments with bank-grade oversight and nonstop settlement. SoFi Technologies has launched SoFiUSD, a fully reserved U.S. dollar stablecoin issued by SoFi Bank. Notably, the company says this is the first national bank-issued stablecoin on a public blockchain. The launch is a strategic move to...
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