First U.S. national bank to offer stablecoins directly to retail customers

[sergiorus]

SoFi has launched SoFiUSD, a dollar-backed stablecoin on Ethereum and Solana, becoming the first U.S. national bank to offer a stablecoin directly to retail customers on a public blockchain.

Nearly 15 million SoFi members can now buy, sell, hold and convert SoFiUSD in the app, with each token redeemable 1:1 for U.S. dollars through SoFi Bank.

SoFi says it aims to use SoFiUSD for traditional finance use cases like cross-border payments and B2B transactions, and plans future features including interest-earning tokenized deposits, FDIC-insured accounts and 24/7 cross-border transfers.


Huge for $SOL and $ETH


Source: https://www.coindesk.com/business/2026/05/27/sofi-brings-bank-issued-stablecoin-to-15-million-users-in-crypto-push

https://www.investing.com/news/company-news/sofi-launches-bankissued-stablecoin-for-its-members-93CH-4711947

https://www.binance.com/en/square/post/05-27-2026-sofi-launches-sofiusd-stablecoin-for-cross-border-payments-327637379081809

[Charles-Tim]

Who cares? They want to offer water or water. Water is not different from water. United States dollar and United States dollar collateralized stable coins. There is no difference. What we are expecting are not fiat or fiat related coins, bitcoin would have been better.

[Cointikka]

The stablecoin ecosystem seems questionable to me, so I will think twice before accumulating stablecoins unless I need them for business-related global transactions. I find it shady because stablecoins are pegged to the USD, which itself has a controversial past, present, and will have a future. In my opinion, investing in stablecoins undermines the intention of reducing dependence on the USD. I might be mistaken in my viewpoint, but I believe that the value of Bitcoin and other cryptocurrencies can only be understood in relation to the USD. But investing a dollar in a digital dollar is kind of promoting the dollar without the dollar. From what I understand, this bank is selling USD in digital format to stimulate investment and facilitate remittances within its ecosystem.

[sergiorus]

Who cares? They want to offer water or water. Water is not different from water. United States dollar and United States dollar collateralized stable coins. There is no difference. What we are expecting are not fiat or fiat related coins, bitcoin would have been better.

Dollar is not issued on Solana or Ethereum.
Dollar cannot be withdrawn to Metamask or Phantom and then used in the DeFi ecosystem, investing in assets or raising TVLs.

Do you really not understand how huge it is?

[Charles-Tim]

Dollar is not issued on Solana or Ethereum.
Dollar cannot be withdrawn to Metamask or Phantom and then used in the DeFi ecosystem, investing in assets or raising TVLs.

Do you really not understand how huge it is?

Do not worry, just make use of the stable coin on your bank account if you are in United States, you will understand that the stable coin on your account can not be withdrawn to your stable coin addresses. You will have to convert fiat to stable coin on your bank account, convert the stable coin back to the fiat. This is how the banks have been operating, even if they support bitcoin. But at least, bitcoin is an appreciative asset and some people that do not want to buy bitcoin and hold on noncustodial wallet can make use of their bank, although no full control. Unlike United States dollar and stable coins pegged to the dollar to be used in bank. Is it having any use? No. All the questions you asked is about the use of stable coins without the need of the bank which is what stable coins are created for.

[jossiel]

We will see if this is going to affect the other banks since they already have the userbase. This might be big move for the banking sector adopting stable coins of their own.

With so many banks in the US, there could be a lot of it as well in the next months making their own stable coins.

As long as it's backed by their own reserve, their customers will have the confidence in using it.

[Kavelj22]

And what's the news in this? Another dollar backed stablecoin in the market. I wonder why they chose to lunch a new coin instead of using one from the existing projects. Some of them are already recognized by the US legislations. And from another side, what will be the difference between giving customers USD dollar or cryptocurrency stablecoin backed by dollar?

Personally, I had never believe on those news as development toward large adoption. While I know that this news will be read as an innovation made by the trump era. Then later nobody will use that stablecoin.