BlockBeats News, May 27th, SoFi Technologies announced that its US dollar-pegged stablecoin, SoFiUSD, has been made available to 14.7 million members. Users can directly buy, sell, hold, and exchange within the SoFi app. This is the first stablecoin product issued by a US national bank and embedded in a retail banking interface.

SoFiUSD currently operates on Ethereum and Solana, and will subsequently integrate tokenized deposits (with FDIC insurance), cross-border transfers, and connectivity with the Bullish exchange.