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Techub News reports that Nasdaq-listed digital financial technology company SoFi Technologies has announced the launch of the fully reserved U.S. dollar stablecoin SoFiUSD. Currently, SoFiUSD is available for internal settlement activities and is expected to be more widely accessible to SoFi members in the coming months.
Techub News reported, according to The Block, SoFi, the first nationally chartered bank in the United States to offer cryptocurrency trading, announced that it will support SoFiUSD as a settlement currency through the Mastercard global payment network. Galileo, the technology platform under SoFi, is expected to be one of the first platforms to offer SoFiUSD settlement options for its payment card customers and issuing banks. Both parties will also explore interoperability scenarios across stablecoins, fiat currencies, and tokenized assets, including programmable treasury applications and new payment fund flow models.
Techub News reports that Nasdaq-listed digital fintech company SoFi has added support for Solana network deposits, allowing customers to directly make deposits through its banking application. This feature enables users to manage SOL assets within the SoFi app.
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