SoFi Bank has launched SoFiUSD, marking the first stablecoin issued by a U.S. national bank. According to reports, this initiative positions SoFiUSD as a potentially faster and safer alternative to existing crypto-native tokens for enterprise payment solutions. The development signals a move by traditional banking institutions into the digital asset space, aiming to provide regulated and reliable stablecoin options.

SoFi Bank has launched SoFiUSD, marking the first stablecoin issued by a U.S. national bank. According to reports, this initiative positions SoFiUSD as a potentially faster and safer alternative to existing crypto-native tokens for enterprise payment solutions. The development signals a move by traditional banking institutions into the digital asset space, aiming to provide regulated and reliable stablecoin options.