SoFi
InstitutionsActive· US

SoFi

The first stablecoin where the issuer is itself a US national bank, redeemed through a banking app rather than a fintech wrapper. The OCC charter and 1:1 bank-backed redemption put SoFiUSD on a different regulatory footing than USDC or PYUSD. The structural test is what happens when 15M retail users get a bank-issued stablecoin as a default account feature.

sofi.com ↗#national-bank#stablecoin#occ#sofiusd#retailVerified Jun 6, 2026
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Brief

OCC-chartered US national bank with ~15M members. Launched SoFiUSD on May 27, 2026, the first stablecoin issued by a US national bank on a public blockchain. SoFiUSD is 1:1 redeemable for US dollars inside the SoFi banking app, available on Ethereum and Solana, with regular independent CPA attestations. Plans to extend with convertibility into tokenized deposits that earn interest and carry FDIC insurance.

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Recent activity

Latest moves on the changelog feed.

  • May 27, 2026NEW

    SoFi → SoFiUSD launched. First stablecoin issued by an OCC-chartered US national bank on a public blockchain. 1:1 USD redeemable inside the SoFi app, live on Ethereum and Solana, regular CPA attestations. Tokenized deposit conversion with FDIC insurance to follow. The structural inflection: bank-issued stablecoins now exist as a default retail account feature.

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Snapshot

Key terms and identifiers.

Regulatory
us-stablecoin-acts, sab-121
Jurisdiction
US
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Milestones

How this player got here.

  1. May 2026SoFiUSD launched. First stablecoin issued by an OCC-chartered US national bank on a public blockchain. 1:1 USD redeemable inside the SoFi app, on Ethereum and Solana, with regular CPA attestations. Tokenized deposits to follow.
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Connections

Who they build with, build on, integrate with.

Dependency

Where this player builds on, integrates, or relies on others.

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