SoFi Launches First U.S. National Bank-Issued Stablecoin
May 30, 2026 (9 hr ago)
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SoFi has launched SoFiUSD, the first stablecoin issued by a U.S. national bank, enabling 15 million members to utilize regulated digital assets for payments and transactions.
SoFiUSD Stablecoin Integration
- SoFiUSD is the first stablecoin issued by a U.S. national bank and is natively integrated into the company's regulated banking application.3
- Approximately 15 million members can now buy, sell, hold, convert, and pay with SoFiUSD across the Ethereum and Solana blockchains.4
- The company plans to expand this infrastructure into tokenized deposits, cross-border payment solutions, and future exchange listings.3
Q1 2026 Financial Performance
- SoFi reported record loan originations of $12.18 billion in Q1 2026, representing a 68% year-over-year increase.1
- Total revenue reached $1.1 billion, with net income rising 134.45% year-over-year to $166.73 million.1
- The company’s digital bank now holds $40.24 billion in deposits, which fund over 90% of its liabilities.1
Strategic Acquisitions and Partnerships
- SoFi acquired the assets of UK-based fintech PrimaryBid, enhancing its capital-markets capabilities and retail access toolkit.4
- The company joined the Open Transaction Layer (OTL) initiative to help standardize onchain transactions for institutional crypto markets.2
- SoFi is also participating in the Blockchain Payments Consortium to advance the development of blockchain-based payment infrastructure.2
Technology Platform Expansion
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