SoFi just did something no US national bank has done before: put a stablecoin directly into the hands of retail banking customers. The company’s nearly 15 million members can now buy, sell, and hold SoFiUSD, a dollar-pegged stablecoin, right inside the SoFi app.

SoFiUSD is issued by SoFi Bank, N.A., making it the first stablecoin from a US national bank to be available on a consumer banking platform. The token lives on Ethereum and Solana, is fully redeemable at a 1:1 ratio for US dollars, and has its reserves backed by liquid assets with independent attestations from US-licensed CPAs.

From enterprise experiment to retail reality

SoFiUSD initially launched on December 18, 2025, but only for enterprise partners. Now the retail rollout is live. Members can manage their SoFiUSD holdings entirely within the existing SoFi app, which means no separate wallet downloads, no seed phrase anxiety, no bridging tokens across chains.

Why a bank-issued stablecoin is different

Neither Tether nor Circle is a bank. They’re technology companies that issue tokens backed by reserves. SoFi Bank, N.A. is a federally chartered national bank, which means it operates under a different regulatory framework entirely.

The reserve structure reflects this positioning. SoFiUSD’s backing comes from liquid assets, and the reserves are subject to independent attestations by US-licensed CPAs. The company has been positioning itself as a provider of stablecoin infrastructure, which suggests that SoFiUSD could eventually serve as rails for tokenized deposits, cross-border transfers, and faster payment settlement.

What this means for investors

SoFi’s stock gained up to 3.5% following the announcement. SoFi sits on a user base of approximately 14.7 to 15 million members. JPMorgan already has its own blockchain-based settlement token for institutional clients. SoFi is proving the concept can work at the consumer level.