SoFi Technologies Launches Industry-First Bank-Issued Stablecoin
Jun 12, 2026 (1 days ago)
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SoFi has introduced SoFiUSD, the first stablecoin issued by a U.S. national bank, integrating it directly into its regulated banking application for seamless digital asset management.
SoFiUSD Stablecoin Integration
- SoFiUSD is issued by a U.S. national bank and built natively into the SoFi app, allowing users to buy, sell, hold, and convert assets on Ethereum and Solana.2
- The stablecoin supports on-chain payments, future tokenized deposits, and cross-border transactions, creating a new channel for financial flows within the SoFi ecosystem.3
AI-Powered Financial Tools
- The company launched SoFi Coach, an AI-driven chat tool for SoFi Plus members designed to assist with debt management, spending tracking, and goal planning.2
- Early testing indicates that the tool successfully drives user engagement and retention by prompting members to take concrete financial actions rather than just providing information.3
Business Performance and Strategic Rebranding
- SoFi reported $3.61 billion in trailing revenue, with annual growth rates between 30% and 40%, alongside a net income margin of approximately 15%.2
- Galileo is rebranding to SoFi Technology Solutions and released its first Debit Spend Index, which tracks consumer spending trends in travel and dining to support its B2B strategy.3
Strategic Investment in Blockchain Infrastructure
- SoFi participated in a $355 million funding round for Digital Asset, a firm focused on expanding blockchain infrastructure for regulated capital markets.1
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