SoFi Technologies states that it will issue a stablecoin called SoFiUSD on Solana, citing transaction costs, settlement speed, and throughput as the main reasons for choosing Solana. SoFiUSD was first launched in December 2025 by SoFi Bank on Ethereum as a fully reserved dollar stablecoin, primarily providing 24/7 settlement services for banks, fintech companies, and corporate clients. It also plans to expand to more blockchain networks in the future. (The Block)

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