SoFi stablecoin SoFiUSD is officially available to App users, supporting Ethereum and Solana networks

According to The Block, SoFi's stablecoin SoFiUSD is officially open to App users. This stablecoin is pegged to the US dollar and initially supports the Ethereum and Solana networks, allowing for buying, holding, and exchanging operations.

SoFi also plans to launch tokenized deposits with FDIC insurance support, cross-border transfers, and Bullish exchange integration services for institutional clients in the coming weeks.