SoFi opens its stablecoin SoFiUSD to 14.7 million users, which could be the most underestimated structural signal of 2026.

This is not just another stablecoin news. SoFi is a nationwide bank in the United States, and SoFiUSD is directly integrated into the banking app, allowing users to buy, hold, and convert it just like transferring dollars.
It is the first stablecoin product issued by a bank and targeted at retail users, supporting Ethereum and Solana, with plans to incorporate tokenized deposits and cross-border transfers later.
The total market cap of stablecoins has surpassed $322 billion, exceeding the official foreign exchange reserves of 95 countries, but most remain within exchanges and DeFi cycles.
SoFi’s implementation means stablecoins are beginning to enter the daily financial scenarios of hundreds of millions of ordinary people—bank accounts as crypto gateways, without needing to download additional wallets or exchanges.
The risk lies in regulatory uncertainty. The US stablecoin legislation is still progressing, and bank-issued stablecoins may face stricter capital and audit requirements.
Additionally, whether SoFiUSD can generate actual usage demand on the retail side or is merely an internal accounting tool remains to be seen.
But the direction is clear: the next battleground for stablecoins is in bank apps.
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