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SoFi deploys stablecoins on Solana, focusing on low-cost and high-efficiency settlement
ME News Report, May 6 (UTC+8), SoFi Technologies announced that its stablecoin SoFiUSD will expand to the Solana network, primarily valuing its low cost, high throughput, and fast settlement capabilities. SoFiUSD was launched in 2025 as a fully reserved US dollar stablecoin, initially deployed on Ethereum, aiming to provide 24/7 near real-time settlement infrastructure for banks, fintech companies, and enterprises. As regulatory frameworks become clearer, banks and financial institutions are accelerating their deployment in the stablecoin space, competing with leading issuers like Tether and Circle. (Source: ChainCatcher)