TLDR Tech / Crypto
SoFi Launches SoFiUSD, First Stablecoin from a Nationally Chartered Bank
SoFi has launched SoFiUSD (SoFiD) on Solana, becoming the first stablecoin issuer with an OCC-granted US national bank charter. The token is redeemable 1:1 for cash or cash equivalents, a structural backing that non-bank issuers such as Circle and Tether cannot claim under current US regulatory frameworks. SoFi's selection of Solana as the issuance chain signals institutional preference for the network's sub-second finality and low transaction costs as the settlement rail for payment-grade dollar tokens.
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