SoFi Technologies said it will issue the stablecoin SoFiUSD on Solana, saying its choice of Solana is mainly based on transaction costs, settlement speed, and throughput. SoFiUSD was first launched in December 2025 on Ethereum by SoFi Bank as a fully reserve-backed USD stablecoin, mainly aimed at providing 24/7 settlement services for banks, fintech companies, and corporate clients, and it also plans to expand to more blockchain networks in the future. (The Block)

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