SoFi Launches First Bank-Issued Stablecoin for Enterprise Payments and Crypto Ecosystem

Financial technology leader SoFi has announced the launch of a groundbreaking bank-issued stablecoin, designed specifically for enterprise payments and integration within the broader cryptocurrency ecosystem. This strategic move positions SoFi as a pioneer among traditional financial institutions venturing into digital asset solutions. The new stablecoin aims to provide businesses with a fast, secure, and compliant payment rail, leveraging blockchain efficiency while maintaining the stability of fiat currency. This development is expected to bridge the gap between conventional banking services and the growing demand for digital currency utility in corporate transactions, potentially accelerating institutional adoption of blockchain technology.