Assets · Stablecoin · issued by SoFi
SoFiUSD (SoFiUSD)New
US dollar stablecoin issued by SoFi Bank, N.A. and redeemable one for one in dollars, on Ethereum and Solana. Used to settle SoFi's card programme over Mastercard.
- Value per token
- $1
Issued through SoFiUSD stablecoin Live (limited)
Classification · medium confidence
- Legal form
- Stablecoin from economic tests
- Underlying
- Money · Money 100% (30 Jun 2026)
- Value behaviour
- Stable value · no income
- Ledger role
- Native
- Legal labels
- issued by a national bank (SoFi Bank, N.A.) (United States)[1]
SoFi's 10-Q for the quarter to 30 Jun 2026: $52.5m of SoFiUSD outstanding, backed by an equal amount of reserve assets held as US dollar cash (by SoFi Bank or a permitted custodian, inside the bank's cash and cash equivalents). The policy allows other cash equivalents permitted for payment stablecoins, and supply has grown since, so medium until a later filing or report.
Sourced[2]. How assets are classified: methodology.
Contracts
No contract addresses recorded yet.
Sources
- [1]SoFi Becomes First National Bank to Go Live with Stablecoin Settlement across Mastercard's Global Payments Network — SoFi (Business Wire), 22 Sep 2026. Accessed 14 Oct 2026.B
- [2]SoFi Technologies Form 10-Q for the quarter ended 30 June 2026 — SoFi Technologies, Inc. (SEC Form 10-Q). Accessed 26 Oct 2026. Accounting policy note 'Stablecoin (SoFiUSD)'..A