SOFID, issued by SoFi Bank, N.A., is a payment stablecoin that maintains a stable value relative to the U.S. dollar (USD) and is redeemable 1:1 for USD from the issuing bank. [S1][S2]

Holders receive a token referencing the U.S. dollar at a 1:1 peg, fully reserved by reserves consisting primarily of cash held in SoFi Bank's Federal Reserve master account, which the issuer states carries zero liquidity risk or credit risk. [S1][S2][S3] SOFID does not natively pay interest or yield to holders. [S3] SoFi does not charge a fee to receive crypto deposits, while blockchain network fees are generally paid by the sender. [S2]

SoFiUSD is issued by SoFi Bank, N.A., a U.S. nationally chartered, insured depository institution regulated by the Office of the Comptroller of the Currency (OCC), citing OCC interpretive letters 1183 and 1184. [S1][S2][S4] SOFID is a payment stablecoin and is not a deposit, is not insured by the FDIC or SIPC, is not bank guaranteed, is not legal tender, and may lose value. [S1][S2][S5] It is available to SoFi members and enterprise partners, subject to applicable law. [S2][S3] It is redeemable 1:1 for U.S. dollars from SoFi Bank, which maintains liquid assets to support all outstanding SoFiUSD. [S2] Digital assets are custodied by SoFi Bank in omnibus wallets. [S6]

SoFiUSD is issued by SoFi Bank on the public, permissionless Ethereum and Solana networks, with additional networks planned. [S2][S3] Onchain transfers offer certain 24/7 transfer functionality with near-instant settlement, and blockchain transactions are generally final and irreversible. [S1][S7] Reserves are attested by an independent U.S.-licensed Certified Public Accountant (CPA), with reports on outstanding supply and reserve composition. [S2][S3]

<Sources
  retrievedAt="2026-06-23"
  items={[
    { id: "S1", url: "https://www.sofi.com/crypto/sofiusd" },
    { id: "S2", url: "https://support.sofi.com/hc/en-us/articles/44587095338253-What-is-SoFi-USD" },
    { id: "S3", url: "https://investors.sofi.com/news/news-details/2026/SoFiUSD-Becomes-the-First-Stablecoin-Issued-by-a-US-National-Bank-to-Launch-on-a-Banking-Platform/default.aspx" },
    { id: "S4", url: "https://www.sofi.com/learn/content/genius-act-impact-stablecoin-bitcoin/" },
    { id: "S5", url: "https://www.sofi.com/crypto/" },
    { id: "S6", url: "https://www.sofi.com/crypto/legal/crypto-risk-disclosure" },
    { id: "S7", url: "https://investors.sofi.com/news/news-details/2025/SoFi-Launches-Fully-Reserved-Stablecoin-to-Power-Financial-Infrastructure-for-Banks-Fintechs-and-Enterprise-Partners/default.aspx" },
  ]}
/>


Stablecoins

Users (including banks, fintechs, and enterprises) deposit US dollars with SoFi Bank, N.A. and receive SoFiUSD on a 1:1 basis; reserves are held in the bank's federal account and redemptions are settled directly by the bank.

SoFi is a US digital finance company that issues SoFiUSD, a fully reserved U.S. dollar stablecoin issued by SoFi Bank, N.A. SoFi is the first US national bank to launch a stablecoin on a public, permissionless blockchain, and offers its stablecoin infrastructure to banks, fintechs, and enterprises for settlement and white-label stablecoin issuance.

SoFi Technologies, Inc. (NASDAQ: SOFI) is a US-listed digital finance company whose banking subsidiary, SoFi Bank, N.A., holds a US national bank charter and is the issuer of SoFiUSD.

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Stablecoin issuers

SoFi Technologies

SoFiUSD (SOFID) is a U.S. dollar stablecoin issued by SoFi Technologies.

Each token tracks one U.S. dollar and is a direct claim on the issuer.

Holders can mint and redeem directly with SoFi Technologies in USD after completing KYC.

The issuer is supervised by the Office of the Comptroller of the Currency (OCC).

Holder terms are governed by the law of New York in the United States.

SOFID has been issued on public blockchains since December 2025 and is native to Ethereum and Solana.

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