---
title: "SoFiUSD (SOFID) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/sofid-sofi/"
description: "Build-time stablecoin profile for SoFiUSD (SOFID). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# SoFiUSD (SOFID)

**Peg:** US Dollar

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** active

## Overview

The first nationally chartered FDIC-insured US bank to issue a stablecoin on a public chain, with reserves at the Federal Reserve master account — 100M tokens, three holders.

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 with bank-grade {{term:custody}}custody{{/term}} and 1:1 {{term:redemption}}redemption{{/term}}; 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.

## 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

| Country | Regulator | License |
| --- | --- | --- |
| United States | OCC (national bank charter) | N/A |

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0x0CB6d03B0aC88A463F67B7Ad99f9f3ec4678092E` | 6 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/sofid-sofi.