Pharos can still tell you how this asset is supposed to work, when it expects to launch, and what sources to watch. Live market, peg, liquidity, and safety surfaces activate only after the first post-launch data sync.
LIVE on Ethereum since Dec 2025 — ~100M SOFID minted, 3 holders, 73 transactions; first nationally chartered FDIC-insured U.S. bank stablecoin on public blockchain; Mastercard settlement partnership (Mar 2026); BitGo Mint infrastructure (Apr 2026); Solana expansion announced May 5 at Solana Accelerate Miami; CoinGecko preview listing (no trades); not on DefiLlama; retail rollout to 13.7M SoFi members 'in coming months'; PROMOTION CANDIDATE pending aggregator data and public trading
SoFiUSD
SOFID
At a Glance
- Backing
- Real-World Asset Backed
- Governance
- Centralized (CeFi)
- Peg Currency
- US Dollar
- Jurisdiction
- United States (OCC (national bank charter))
Launch Timeline
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SoFiUSD expansion to Solana announced at Solana Accelerate Miami
Solana deployment in progress; retail rollout to SoFi's 13.7M members planned for 'coming months'.
SourceSoFi launches Big Business Banking platform integrating SoFiUSD and Solana
Enterprise banking platform with SOFID settlement; BitGo Mint launches with SoFiUSD as first supported stablecoin alongside USD1.
SourceBitGo selected as infrastructure and distribution partner
BitGo Bank & Trust provides Stablecoin-as-a-Service: minting, burning, custody, smart contract management, and distribution.
SourceMastercard partnership for SoFiUSD settlement across global payments network
Card issuers and acquirers can settle transactions using SoFiUSD 24/7 via Mastercard's Multi-Token Network (MTN) across 200+ countries.
SourceSoFiUSD launches as first nationally chartered U.S. bank stablecoin
SoFi Bank, N.A. issues SOFID on Ethereum; 1:1 backed by cash at Federal Reserve master account; initially for enterprise settlement, not consumer-facing.
SourceThe Fed's Own Stablecoin Customer
SoFi Bank is the first nationally chartered, FDIC-insured U.S. bank to issue a stablecoin on a public permissionless blockchain — and the reserves sit in the Federal Reserve's own master account, which is a sentence that would have been science fiction three years ago. SOFID launched on Ethereum in December 2025, minted 100 million tokens for institutional settlement, and has exactly three holders — making it the highest-supply, lowest-holder-count stablecoin on the dashboard by a margin that borders on absurd. The Mastercard settlement partnership and BitGo Mint infrastructure suggest the plumbing is designed for scale; the Solana expansion announced at Accelerate Miami in May 2026 adds the speed layer. The real question isn't whether SoFi can issue a technically competent stablecoin — it clearly can — but whether 13.7 million retail SoFi members will be told they're holding a stablecoin or just 'dollars in their account,' and whether that distinction matters more to regulators than to users.
Updated
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SoFi unveils first bank-issued stablecoin for enterprise payments
SoFi Bank becomes the first nationally chartered U.S. bank to issue a stablecoin on a public blockchain, targeting enterprise settlement.
SoFiUSD to launch on Solana, citing speed and cost
SoFi announces Solana expansion at Solana Accelerate Miami, May 5, 2026.
Target Chains
Links
Related Stablecoins
Active stablecoins with similar governance, backing, or peg currency.
