SoFiUSD (SOFID) stablecoin analytics
SoFiUSD is SoFi Bank's USD stablecoin, fully reserved by cash at the bank's Federal Reserve master account; minted and redeemed 1:1 via BitGo infrastructure.
Static Profile
Static stablecoin profile
SoFiUSD (SOFID) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
AI summary / Updated Jun 12, 2026
SoFiUSD is what happens when a nationally chartered U.S. bank decides the stablecoin wrapper is worth adding to old-fashioned cash at the Federal Reserve. The reserve model is pristine by crypto standards: cash or cash equivalents at SoFi Bank's Fed master account, independent...
AI summary · drafted by gpt-5-codex · reviewed by Codex data review on Jun 12, 2026 · facts as of Jun 12, 2026
- Collateral
- 1:1 USD reserves held as cash or cash equivalents at SoFi Bank's Federal Reserve master account; reserves earn interest on reserve balances (IORB) retained by SoFi, not passed to holders
- Peg Mechanism
- 1:1 mint and redeem via BitGo infrastructure; instant conversions between dollars and SOFID
- Jurisdiction
- United States / OCC (national bank charter)
- Proof Of Reserves
- Independent Audit by Deloitte & Touche LLP Reserve source
- Contracts
- 1 deployment tracked across Ethereum.
Snippet Answer
Is SOFID safe?
Pharos does not mark SOFID as absolutely safe. Static metadata says SoFiUSD uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Independent Audit from Deloitte & Touche LLP; the main caveat is that freeze or administrative control exposure is possible but not fully confirmed. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety sofid-sofi
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Jun 12, 2026.
SOFID quick answers
What is SoFiUSD (SOFID)?
SoFiUSD is SoFi Bank's USD stablecoin, fully reserved by cash at the bank's Federal Reserve master account; minted and redeemed 1:1 via BitGo infrastructure. The static profile records its US Dollar peg mechanism as: 1:1 mint and redeem via BitGo infrastructure; instant conversions between dollars and SOFID
What backs SOFID?
Pharos classifies SOFID backing as Real-World Asset Backed. Collateral, per the static profile: 1:1 USD reserves held as cash or cash equivalents at SoFi Bank's Federal Reserve master account; reserves earn interest on reserve balances (IORB) retained by SoFi, not passed to holders Reserve evidence: Independent Audit from Deloitte & Touche LLP.
Can SOFID be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze or administrative control exposure is possible but not fully confirmed. Live freeze and blacklist events for SOFID, when applicable, appear in the dossier below.