Key Takeaways:
- SoFi announced the creation of SoFiUSD, the nation’s first stablecoin directly through a U.S. national bank within a banking app.
- The stablecoin operates on both the Ethereum and Solana networks and allows for a 1:1 dollar redemption, alongside 24/7 transfers.
- SoFi also wants to take the plunge into FDIC insured tokenized deposits, cross border payments and institutional trading.
SoFi is one of the more significant steps in the banking vs crypto wall. The gigantic fintech firm has officially unveiled its stablecoin SoFiUSD, which comes paid in dollars and offers to bring web based payments into the mainstream banking system.
It is an implementation that will ...
English (US)