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SoFi extends its stablecoin SoFiUSD to the Solana network

2026-05-06 00:48:49

Abstract generation in progress

Mars Finance News, according to The Block, reports that SoFi Technologies announced it will issue its stablecoin SoFiUSD on Solana. SoFi’s head of enterprise banking, Ben Reynolds, stated that Solana is suitable for payment scenarios in terms of cost, settlement speed, and throughput. SoFiUSD is set to launch in December 2025, initially deployed on Ethereum, with plans to expand to more networks in the future. Last month, SoFi extended its partnership with Mastercard, positioning SoFiUSD as the settlement currency for its global payment network.

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