SoFiUSD
A fully reserved US dollar stablecoin issued by OCC-regulated, FDIC-insured SoFi Bank, deployed on Ethereum, now being i
Our Take
SoFi just dropped SoFiUSD, a fully-reserved dollar stablecoin on Ethereum issued by an FDIC-insured, OCC-regulated bank — and that regulatory stack is exactly the moat that makes stablecoins like this actually believable to institutions, which is the whole problem most of them haven't solved. The Mastercard integration for settlement is the real signal here: this isn't crypto trying to play in TradFi's sandbox, this is TradFi building the infrastructure it actually wants to use. It's low-key the most boring, compliant stablecoin launch in a minute, and honestly that might be the entire point — so bulletproof on the compliance side that it just works without anyone having to worry about it not being there tomorrow.
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