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Deployments · platform by SoFi

SoFiUSD stablecoinUpdated 7 Nov 2026

SoFiUSD is a dollar stablecoin issued by SoFi Bank, N.A., described by the companies as the first stablecoin from a nationally chartered US bank. It launched in December 2025 and is issued on Ethereum and Solana. Its main use so far is settling SoFi's own debit and credit card programme over Mastercard, live since September 2026, and real-time settlement for commercial clients. About $332 million was outstanding in late August 2026, roughly 70% on Solana.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Live (limited) since Dec 2025[3] — Issued and used in production, but supply is small and use is mainly SoFi's own card programme and commercial clients. · Reviewed 13d ago

Assets
Stablecoin[2]
Dollar stablecoin issued by a national bank
Networks
Ethereum Public, permissionless[3]
Solana Public, permissionless[3]
Use cases
Primary issuance[3][1]Card settlement[2]Payments[4]
Jurisdictions
United States

Participants

  • SoFiPlatform provider, Issuer, Operator[2]United States
  • MastercardDistributor[2]United States
  • BitGoTechnology provider, Custodian, Distributor[6]United States

Likely relevant regulation

Assets

Metrics

  • ~$332mTokens outstanding · as of Aug 2026[3]
  • ~$232.6mTokens outstanding · as of Aug 2026 · on Solana[3]
  • ~$100mTokens outstanding · as of Aug 2026 · on Ethereum[3]
  • $52.48mStablecoin liability outstanding · as of 30 Jun 2026[5]
    SoFiUSD outstanding per SoFi's balance sheet (USD 52,484 thousand); reserves held in cash and equivalents.
  • ~$316.49mSupply on chain (daily) · as of 7 Nov 2026[7]
    Automated daily reading of on-chain supply across all chains.
  • ~$50.08mSupply on chain (daily) · as of 7 Nov 2026 · on Ethereum[7]
    Automated daily reading.
  • ~$266.41mSupply on chain (daily) · as of 7 Nov 2026 · on Solana[7]
    Automated daily reading.

Timeline

  1. Happened 22 Sep 2026 · Scope expansion · recorded 11 Oct 2026
    SoFi's card programme, expected to process over $25 billion a year, starts settling over Mastercard in SoFiUSD.[2]
  2. Happened Dec 2025 (month only) · Launch · recorded 11 Oct 2026
    SoFiUSD launches.[3]

Sources

  1. [1]SoFiUSD stablecoin data (API) — DefiLlama, 14 Oct 2026. Accessed 14 Oct 2026.A
  2. [2]SoFi Becomes First National Bank to Go Live with Stablecoin Settlement across Mastercard's Global Payments Network — SoFi (Business Wire), 22 Sep 2026. Accessed 11 Oct 2026.B
  3. [3]SoFi Becomes First Nationally Chartered U.S. Bank Live With Stablecoin Settlement on Mastercard, 70% Running on Solana — Solana Compass, Sep 2026. Accessed 11 Oct 2026.C
  4. [4]https://thedefiant.io/news/tradfi-and-fintech/sofi-says-sofiusd-settlement-now-live-on-q2-earnings-call — The Defiant, 2026. Accessed 11 Oct 2026.C
  5. [5]SoFi Technologies, Inc. quarterly report on Form 10-Q for the quarter ended June 30, 2026 — SoFi Technologies (SEC Form 10-Q), 6 Aug 2026. Accessed 26 Oct 2026.A
  6. [6]BitGo Selected to Provide Stablecoin Infrastructure and Support Distribution for SoFiUSD — BitGo, 5 Mar 2026. Accessed 28 Oct 2026.B
  7. [7]Supply by chain, read daily — DefiLlama (automated daily refresh). Accessed 7 Nov 2026.A

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