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According to The Block, SoFi Technologies today launched SoFiUSD, a dollar-pegged stablecoin, available to its 14.7 million members through its banking app. Users can buy, sell, hold, and exchange SoFiUSD directly within the SoFi app, marking the first stablecoin issued by a nationwide U.S. bank and integrated into a retail banking interface. SoFiUSD operates on the Ethereum and Solana blockchains. SoFi plans to integrate tokenized deposits with FDIC insurance, cross-border transfers, and partner with Mastercard to use SoFiUSD as a settlement currency within its global network.