SoFi launches SoFiUSD stablecoin to its banking app users.

CoinFeed reported on May 27th that, according to The Block, SoFi Technologies announced that its USD-pegged stablecoin, SoFiUSD, is now available to its 14.7 million members. Users can directly buy, sell, hold, and convert within the SoFi app. This is the first stablecoin product issued by a national US bank and embedded in a retail banking interface. SoFiUSD currently runs on Ethereum and Solana, and will later integrate with tokenized deposits (with FDIC insurance), cross-border transfers, and integration with the Bullish exchange.