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BTCC / BTCC Square / Global Cryptocurrency /
SoFi Partners With BitGo to Launch SoFiUSD Stablecoin

SoFi Partners With BitGo to Launch SoFiUSD Stablecoin

Author:
Global Cryptocurrency
Published:
2026-03-06 00:35:02
6
2
BTCCSquare news:

SoFi Technologies has teamed up with digital asset custodian BitGo to introduce SoFiUSD, a bank-issued stablecoin operating on a public blockchain. The partnership marks a significant step in the regulated digital asset space, with BitGo's technology enabling connectivity across payment networks and exchanges.

Issued by nationally chartered SoFi Bank, SoFiUSD stands out as the first federally supervised stablecoin to leverage a permissionless blockchain. The move aligns with growing institutional adoption of stablecoins for settlements and payments.

The publicly traded fintech, which serves 14 million members, expanded into digital assets in 2019 through crypto trading services. Its 2022 acquisition of Golden Pacific Bancorp paved the way for this bank-backed stablecoin initiative.

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