SoFi deploys stablecoins to Solana, focusing on low-cost and high-efficiency settlements

SoFi Technologies announced that its stablecoin SoFiUSD will expand to the Solana network, focusing on its low cost, high throughput, and fast settlement capabilities.

SoFiUSD was launched in 2025 as a fully backed dollar stablecoin, initially deployed on Ethereum, aimed at providing 24/7 near real-time settlement infrastructure for banks, fintech companies, and enterprises. As the regulatory framework gradually clarifies, banks and financial institutions are accelerating their layout in the stablecoin sector, competing with leading issuers such as Tether and Circle.